Amendment status not verified — confirm the current text below against the official source.
(1) Subject to the other provisions of this, Act, the right of pre-emption in respect of arty immovable property transferred shall accrue to, and vest in, the following classes of persons, namely: -- (i) co-sharers of or partners in the property transferred, (ii) owners of other immovable property with a stair-case or an entrance or other right or amenity common to such other property and the property transferred, and (iii) owners of property servant or dominant to the property transferred. (2) Among the different classes of persons mentioned in sub-section (1), persons of the first class will exclude those of the other classes, persons of the second will exclude those of the third class. (3) Among persons of the same class claiming the right of preemption the person nearer in relationship to the person whose property is transferred will exclude the more remote. (4) Where two or more persons of the same class, claiming the right of pre-emption, are equally entitled thereto in all respects, the court may—(a) determine, by drawing lots, the person in whose favour pre-emption may be decreed, or (b) after taking into consideration the circumstances of the case and the respective requirements of all such persons,-- (i) determine which of such persons may be allowed to exercise the right in preference to the rest, or (ii) direct the division of the property equally among all such persons, each of them paying an equal share of the consideration for the transfer.