Section 160 — Property Law Act 2007: Accounting records

160 Accounting records (1) A mortgagee in possession of mortgaged land, goods, or accounts receivable must at all times keep accounting records that correctly record and explain the receipts, expenditure, and other transactions relating to the land, goods, or accounts receivable. (2) The accounting records must be retained for not less than 6 years after the mortgagee has withdrawn from possession of the land, goods, or accounts receivable. Compare: 1952 No 51 s 104GG