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StatuteProperty Law Act 2007

Section 126 — Property Law Act 2007: Court may grant leave to enter into possession of land, etc

Text of the provision Official document

126 Court may grant leave to enter into possession of land, etc (1) A court may grant leave to a mortgagee to exercise any power to enter into possession of the mortgaged land, or to a receiver appointed under a mortgage over land to manage the mortgaged land or demand and recover income from it, by reason of a default,— (a) without a notice having been served on the current mortgagor under section 119 ; or (b) after a notice under that section has been served on the current mortgagor, but before the expiry of the period specified in the notice for the remedying of the default. (2) The court may grant leave under this section on any conditions the court thinks fit. Compare: 1952 No 51 s 92(5)

Official source: legislation.govt.nz

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