Law of Property (Amendment) Act 1926

5 Priority of charges for securing further advances. E+W+S+N.I.

The following subsection shall be inserted at the end of section thirty of the M1Land Registration Act, 1925, namely:—

(3)Where the proprietor of a charge is under an obligation, noted on the register, to make a further advance, a subsequent registered charge shall take effect subject to any further advance made pursuant to the obligation.

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Modifications etc. (not altering text)

C1The text of Ss. 5, 6 and Sch. is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and except as specified does not reflect any amendments or repeals which may have been made prior to 1.2.1991.

Marginal Citations

M115 Geo. 5. c. 21.