Western Australian Consolidated Acts Western Australian Consolidated Acts (1) A receipt in full,
signed by 2 members of the committee, and countersigned by the secretary,
of a registered society, for all moneys secured to the society on the security
of any property to which such receipt relates, and being in the form contained
in the Second Schedule, or in any other form specified in the rules of the
society or any schedule thereto, if indorsed on or annexed to any mortgage or
assurance, shall vacate the same and vest the property therein comprised in
the person entitled to the equity of redemption thereof without any formal
reconveyance or surrender.
(2) If such mortgage
or other assurance has been registered under any Act for the registration or
record of deeds or titles, the Registrar under such Act, or keeper of the
register, shall, on production of such receipt, and on being satisfied that
the persons signing such receipt are, at the date thereof, members of the
committee and secretary respectively of the society, enter satisfaction on the
register of such mortgage or of the charge made by such assurance, and shall
grant a certificate, either upon such mortgage or assurance, or separately, to
the like effect, which certificate shall be received in evidence in all courts
and proceedings without further proof.
Officers in receipt or charge of money