Priority according to date of registration
3 Priority according to date of registration
That all such judgments, deeds, conveyances or instruments in writing, registered in pursuance of this Act, shall have priority one over the other according to the priority of their respective dates of registration; and that all such judgments, deeds, conveyances, devises or instruments in writing not registered in pursuance of this or some former Act, shall (as against any subsequent bona fide purchaser or mortgagee of the same lands, tenements or hereditaments for valuable consideration) be absolutely null and void to all intents and purposes: Provided that nothing herein contained shall extend to bona fide leases at rack rent for any term not exceeding 14 years.
[Section 3 amended: No. 17 of 1974 s. 9.]
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