61SI

Registering a mortgage

In force

(1)

In order to be registered, a mortgage must—

(a)

be validly executed; and

(b)

include a description sufficient to identify the plantation licence or plantation sublicence to be mortgaged; and

(c)

include a description of the debt or liability secured by the mortgage; and

(d)

otherwise comply with the requirements of this Act.

(2)

A notice to a registered mortgagee under this Act is sufficiently served if left at or sent to an address given for the registered mortgagee in the mortgage.

(3)

If a mortgagee is registered as a trustee, a document stating the details of the trust, or the document creating the trust, must be deposited with the mortgage, unless—

(a)

a document has already been produced for the trust under section 61ST(2); and

(b)

the details of the trust have not since changed.

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