Section 155 — Land Transfer Act 1952: Short forms of covenant

155 Short forms of covenant (1) In the case of paper instruments, those covenants set out in full in Schedule 4 that are intended to be implied in any instrument prepared for the purpose of registration under this Act are, if expressed in the short form of words prescribed in that schedule, to be implied in that instrument as fully and effectually as if set out in full with all the modifications that may be necessary in order to adapt them to the instrument. (2) In the case of an electronic instrument, those covenants set out in full in Schedule 4 that are intended to be implied in any instrument prepared for the purpose of registration under this Act are to be implied in that instrument as fully and effectually as if set out in full with all the modifications that may be necessary in order to adapt them to the instrument. (3) The covenant relating to insurance contained in Schedule 4 does not apply to a mortgage under this Act except as otherwise expressed in the mortgage. Section 155 was substituted, as from 1 June 2002, by section 55 Land Transfer (Computer Registers and Electronic Lodgement) Amendment Act 2002 (2002 No 11).