Section 19. Transfer of property to pre-emptor or acquisition of right by original transferee prior to suit

No suit for pre-emption shall lie where prior to the institution of such suit, the transferee has transferred the property in dispute to a person, having a right of pre-emption equal or superior to that of the plaintiff, or has acquired an indefeasible interest in the property which, if existing at the date of the transfer, would have barred the suit.