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LAND TITLES ACT 1925 - SECT 78 Transfer of mortgage or lease—right to sue

LAND TITLES ACT 1925 - SECT 78

Transfer of mortgage or lease—right to sue

By virtue of every transfer of a mortgage, encumbrance or lease, the right to sue upon the memorandum of mortgage, encumbrance or lease, and to recover any debt, sum of money, annuity or damages thereunder (notwithstanding that the right may be deemed or held to constitute a chose in action), and all interest in any such debt, sum of money, annuity or damages shall be transferred so as to vest it in the transferee thereof.