10 When deed comes into force

A deed that has been delivered comes into force,—

(a)

if the deed specifies a date for that purpose, on that date; or

(b)

if the deed does not specify a date for that purpose,—

(i)

on delivery, if the deed is delivered unconditionally; or

(ii)

on the occurrence of the circumstance in which the person bound by the deed contemplated that it would come into force, if the deed is delivered subject to conditions.