of property defined.- In the following
sections "transfer of property" means
an act by which a living person conveys property,
in present or in future, to one or more other
living persons, or to himself and one or more
other living persons; and "to transfer
property" is to perform such act.
In this section "living
person includes a company or association or
body of individuals, whether incorporated or
not, but nothing herein contained shall affect
any law for the time being in force relating
to transfer of property to or by companies,
associations or bodies of individuals.