Section 148 — Property Law Act 2007: Mortgagee in possession may manage land, goods, or accounts receivable

148 Mortgagee in possession may manage land, goods, or accounts receivable A mortgagee in possession of mortgaged land, goods, or accounts receivable may— (a) demand and recover, by legal proceedings or otherwise, any income due from the land, goods, or accounts receivable; and (b) issue receipts for income recovered; and (c) manage the land, goods, or accounts receivable; and (d) obtain from the current mortgagor at a reasonable time any information or assistance that the current mortgagor is required to give under section 159 ; and (e) exercise any right of the current mortgagor to inspect books, documents, or information that relate to the land, goods, or accounts receivable and are in the possession or control of a person other than the current mortgagor. Compare: 1993 No 122 s 14