Statute
Section 79 — Property Law Act 2007: Mortgage over land to take effect as charge
Text of the provision Official document
79 Mortgage over land to take effect as charge (1) A mortgage over land, whatever its form,— (a) takes effect as a charge; and (b) does not operate as a transfer of the estate or interest charged. (2) Subsection (1) does not apply if the mortgage is created by a registered transfer instrument.
Official source: legislation.govt.nz
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