Section 41 — Property Law Act 2007: Vendor must ensure register not limited as to title (whether or not register is also limited as to parcels)
Text of the provision Official document
41 Vendor must ensure register not limited as to title (whether or not register is also limited as to parcels) (1) This section applies to an agreement for the sale and purchase of land comprised in a register that— (a) was created before the making of the agreement; and (b) is limited as to title under Part 12 of the Land Transfer Act 1952 (whether or not the register is also limited as to description of parcels under section 191 of that Act). (2) The vendor must, before the time of settlement, and unless the agreement provides otherwise,— (a) do all acts (for example, prove all matters and comply with all requisitions by the Registrar-General) necessary to cause the register to cease to be limited as to title (whether or not the register remains limited as to description of parcels); and (b) meet the expenses of complying with paragraph (a), including payment of any fee prescribed under the Land Transfer Act 1952 . Compare: 1952 No 51 s 54
Official source: legislation.govt.nz
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