law: Transfer of Property Act, 1882
  12. Condition making interest determinable on insolvency
  
  or attempted alienation
  Where property is transferred subject to a condition or
  
  limitation making any interest therein, reserved or given to or for the benefit
  
  of any person, to cease on his becoming insolvent or endeavoring to transfer or
  
  dispose of the same, such condition or limitation is void.
  Nothing in this section applies to a condition in a lease for
  
  the benefit of the lessor or those claiming under him.