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StatuteProperty Law Act 2007

Section 88 — Property Law Act 2007: Priority extends to advances for protection and realisation of security

Text of the provision Official document

88 Priority extends to advances for protection and realisation of security The priority of a mortgage over property, in relation to any subsequent mortgage over the property, extends to all amounts paid or advanced for all or any of the purposes referred to in section 87(1) and to the interest referred to in section 87(2).

Official source: legislation.govt.nz

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.