TRANSFER OF LAND ACT 1958 - SECT 87 Puisne mortgagee may tender payment
TRANSFER OF LAND ACT 1958 - SECT 87
Puisne mortgagee may tender paymentIf the money secured by any mortgage is due and the mortgagee requires payment thereof any other mortgagee of the same land may tender and pay to the mortgagee requiring such payment the money due upon his security, and the mortgagee making such payment shall be entitled at his own cost to a transfer of the interest of the mortgagee requiring such payment who shall effect the transfer accordingly.
S. 87A inserted by No. 70/2014 s. 17.