Statute
Section 126 — Land Transfer Act 1952: Transmission to lessor in default of mortgagee applying
Text of the provision Official document
126 Transmission to lessor in default of mortgagee applying If the mortgagee neglects or declines to make such application as aforesaid, the Registrar, upon application by the lessor, and proof of that neglect or refusal and of the matters aforesaid, shall enter in the register notice of the refusal of the Official Assignee to accept the lease, and any such entry shall operate as a surrender of the lease. Compare: 1915 No 35 s 128
Official source: legislation.govt.nz
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