LIMITATION OF ACTIONS ACT 1936 - SECT 33
LIMITATION OF ACTIONS ACT 1936 - SECT 33
33—Money charged upon land and legacies
(1) No action or other
proceeding shall be brought to recover any money secured by any mortgage
judgment or lien or otherwise charged upon any land or rent at law or in
equity or any legacy but within fifteen years next after a present right to
receive that money has accrued to some person capable of giving a discharge
for or release of the money, unless in the meantime some part of the principal
money or some interest thereon has been paid or some acknowledgment of the
right thereto has been given in writing signed by the person by whom the money
is payable or his agent, to the person entitled thereto or his agent.
(2) If any such
payment is made or acknowledgment is given, no such action or proceeding shall
be brought but within fifteen years after such payment or acknowledgment or
the last of such payments or acknowledgments if more than one was made or
given.
(3) For the purposes
of section 45 of this Act the right to bring an action to recover money
secured as aforesaid shall be deemed to have first accrued at the time of such
payment or acknowledgment, or at the time of the last of such payments or
acknowledgments, if more than one was made or given.