Section 50 Creation of security by deposit of land certificate or certificate of charge.

Subject to—

(a)

any registered burdens andF1. . . all other matters appearing from the register to affect the land at the date of the deposit mentioned below;

(b)

any Schedule 5 burdens affecting the land at the date of the deposit mentioned below; and

(c)

Land Registry Rules;

the deposit of a land certificate, or a certificate of charge, by the registered owner, for the purpose of giving security for the payment of any sum of money, shall have the same effect as a deposit of title deeds has in respect of unregistered land.

Annotations

Textual amendments

F1: 1992 NI 7

Notes on the whole Act

Textual amendments

F1: Words in preamble of Act substituted (1.10.2009) by Constitutional Reform Act 2005 (c. 4), ss. 59(5), 148(1), Sch. 11 para. 6; S.I. 2009/1604, art. 2(d)