142
In forceLapsing of priority notice
Part 7APriority notices
142 Lapsing of priority notice
A priority notice lapses on the earliest of the following days—
(a)
either—
(i)
if an extension request for the notice has been deposited under section 141—the day that is 90 days after the notice was deposited; or
(ii)
otherwise—the day that is 60 days after the notice was deposited;
(b)
the day when all related instruments have been registered in the order stated in the notice.
This Act’s bill:Explanatory memorandum
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