Charge on land, registration of memorial of
126 Charge on land, registration of memorial of
If a charge is created on land under section 123, the DPP, the CCC or the Public Trustee may lodge a memorial of a charge on an interest in land under the Transfer of Land Act 1893 or the Registration of Deeds Act 1856 and the memorial may be registered in accordance with the respective Act.
Anyone who purchases or otherwise acquires an interest in the property after the memorial is lodged is taken to have notice of the charge, for the purposes of section 124(1)(e), at the time of the purchase or acquisition.
If the charge ceases to have effect, the DPP, the CCC or the Public Trustee may withdraw the memorial in accordance with the Act under which it was registered, and the registration may be cancelled in accordance with that Act.
[Section 126 amended: No. 10 of 2018 s. 72.]
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