Section 157 — Land Transfer Act 1952: Paper instruments to be executed
Text of the provision Official document
157 Paper instruments to be executed (1) Every paper instrument for the purpose of creating, transferring, or charging any estate or interest under this Act must be executed by the registered proprietor and any party to it specified in regulations made under this Act. (2) The regulations may prescribe the manner in which instruments to which subsection (1) applies must be executed, witnessed, or attested. (3) Every instrument executed in accordance with this section has the same effect as a deed executed by the parties signing it. (4) This section is subject to the provisions of section 3 of the Official Appointments and Documents Act 1919 . The original subsection (2) was amended, as from 2 October 1958, by section 2(1)(b) Land Transfer Amendment Act 1958 (1958 No 75) by omitting the words “ when registered ” . See section 2(2) of that Act. Section 157 was substituted, as from 26 August 2002, by section 56 Land Transfer (Computer Registers and Electronic Lodgement) Amendment Act 2002 (2002 No 11). See clause 2 Land Transfer (Computer Registers And Electronic Lodgement) Amendment Act Commencement Order 2002 (SR 2002/216).
Official source: legislation.govt.nz
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