Section 181 — Property Law Act 2007: Powers incidental to power to sell land, mines, or minerals
Text of the provision Official document
181 Powers incidental to power to sell land, mines, or minerals A mortgagee’s or receiver’s power to sell mortgaged land, or to sell mines or minerals separately from mortgaged land, includes the power— (a) to sell the land, mines, or minerals subject to an easement, right, privilege, or covenant of any kind; and (b) to create an easement, right, or privilege of any kind over land for the time being remaining unsold; and (c) to enter into a covenant of any kind concerning land for the time being remaining unsold; and (d) in the case of a subdivision of land, to lay off and make any roads, streets, and passageways, and do any other things in connection with the subdivision as circumstances require and the mortgagee or receiver thinks fit. Compare: 1952 No 51 s 94
Official source: legislation.govt.nz
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