Section 195 — Land Transfer Act 1952: Limited certificate of title may be made ordinary
Text of the provision Official document
195 Limited certificate of title may be made ordinary (1) Upon the doing of such acts or the proof of such matters, and on compliance with such requisition or requisitions, as are set forth in the Registrar's minutes, to the satisfaction of the Registrar, he shall, at his discretion, either cancel the limited certificate of title and issue an ordinary certificate of title, or constitute the limited certificate of title an ordinary certificate of title by the endorsement thereon of a memorial to the effect that the certificate of title has ceased to be a certificate of title limited as to parcels or limited as to title, or limited as to parcels and title, as the case may be, and the certificate of title shall thereupon take effect in all respects as an ordinary certificate of title. (2) If at any time it appears to the Registrar that by reason of lapse of time or for any other reason any act or proof or compliance set forth in the Registrar's minutes has become unnecessary, he may issue an ordinary certificate of title in lieu of a limited certificate of title, or may constitute a limited certificate of title an ordinary certificate of title in the manner provided in the last preceding subsection. Compare: 1924 No 32 s 13 Subsection (1) was amended, as from 10 December 1991, by section 2(2)(a) Land Transfer Amendment Act 1991 (1991 No 118) by omitting the words “ , upon payment of the prescribed fee, ” .
Official source: legislation.govt.nz
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