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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 47

Transfers of mortgages and bonds to be registered.

47. Within thirty days after the date of every such transfer, if executed
within the United Kingdom, or otherwise within thirty days after the arrival
thereof in the United Kingdom, it shall be produced to the secretary, and
thereupon the secretary shall cause an entry or memorial thereof to be made in
the same manner as in the case of the original mortgage; and after such entry
every such transfer shall entitle the transferee to the full benefit of the
original mortgage or bond in all respects; and no party having made such
transfer, shall have power to make void, release, or discharge the mortgage or
bond so transferred, or any money thereby secured; and for such entry
the company may demand a sum not exceeding the prescribed sum, or, where no
sum shall be prescribed, the sum of [12p]; and until such entry the company
shall not be in any manner responsible to the transferee in respect of such
mortgage.


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© 1845 Crown Copyright

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