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PART IVEXTENSION AND EXCLUSION OF TIME LIMITS

Acknowledgment

Fresh accrual of acknowledged right: action by incumbrancer claiming sale of land

54.  Where—

(a)the right of an incumbrancer of land to bring an action claiming sale of the land has accrued; and

(b)the person in possession of the land or the person liable for the debt secured by the incumbrance acknowledges the debt,

the right of action is to be treated as having accrued on and not before the date of the acknowledgment.