25. Transfer to unascertained children
25. Transfer to unascertained children.—(1) If land or a real right or a bond is donated or bequeathed to the children born or to be born of any person or of any marriage, or is otherwise acquired on behalf of such children, transfer of the land or A document signed by the borrower, ceding their life policy to the bank, as surety for a mortgage. Afrikaans - Sessie
">cession of the real right or bond on behalf of such children may be passed in the case of children born or to be born of a person, to that person in A contract between the founder and the trustee in terms of which the trustee is to administer the trust fund for the benefit of the beneficiaries. ">trust for such children, and in the case of children born or to be born of a marriage, to the person who would be the guardian of those children during their minority, in trust for such children.(2) If land or a real right or a bond is donated to the children born or to be born of any person or of any marriage, the person to whom transfer or cession may be passed in terms of subsection (1), may for the purposes of such transfer or cession, accept the donation.
(3) When the identity of all such children has been established the registrar shall make an A note made on the title deed of a property by the Registrar of Deeds. Afrikaans - Endossement
">endorsement on the A document that gives evidence of an individual's ownership of property. It includes the following information about the property: names of the current and previous owners; a full description including it’s square meterage; the purchase price paid by the existing owner; all conditions restricting the use; and all limited real rights registered. Afrikaans - Titelakte ">title deed or bond setting out their names, whereupon the title deed or bond shall be deemed to be to and in favour of such children in the same manner as if the transfer or cession had originally been passed to them by name notwithstanding the provisions of section 17 (1).
