New South Wales Consolidated Acts

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MORATORIUM ACT 1932 - SECT 12

Mortgages payable on demand

12 Mortgages payable on demand

(cf Act No 48, 1930, s 7)
Where a mortgage for a specific amount provides for the payment of the principal sum on demand, and a demand had not at the commencement of the Moratorium Act 1930 , been made, the principal sum shall for the purpose only of this Part of this Act be deemed to be payable immediately after the commencement of the first-mentioned Act.



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