Parties to a contract of sale may lodge caveat
81 Parties to a contract of sale may lodge caveat
When a contract for the sale of any estate or interest in a permit to explore or in a license to prospect, or petroleum lease, or application for a petroleum lease or the land comprised therein has been made, the purchaser under the contract may, on payment of the prescribed fee, lodge a caveat in the prescribed form and register a copy of the contract of sale therewith, and such caveat shall remain in force for the full term specified in the contract of sale, or for such other shorter term as the said contract remains in force, unless sooner removed by the consent of the caveator.
[Section 81 amended: No. 8 of 1940 s. 39.]
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