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StatuteLand Transfer Act 1952

Section 182 — Land Transfer Act 1952: Purchaser from registered proprietor not affected by notice

Text of the provision Official document

182 Purchaser from registered proprietor not affected by notice Except in the case of fraud, no person contracting or dealing with or taking or proposing to take a transfer from the registered proprietor of any registered estate or interest shall be required or in any manner concerned to inquire into or ascertain the circumstances in or the consideration for which that registered owner or any previous registered owner of the estate or interest in question is or was registered, or to see to the application of the purchase money or of any part thereof, or shall be affected by notice, direct or constructive, of any trust or unregistered interest, any rule of law or equity to the contrary notwithstanding, and the knowledge that any such trust or unregistered interest is in existence shall not of itself be imputed as fraud. Compare: 1915 No 35 s 197

Official source: legislation.govt.nz

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