STATUTE OF LIMITATIONS (NORTHERN IRELAND) 1958 - SECT 41 Extinction of right of mortgagee or chargeant to principal sum secured by mortgage or charge on personal property after expiration of period for action to recover principal sum.

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STATUTE OF LIMITATIONS (NORTHERN IRELAND) 1958 - SECT 41

Extinction of right of mortgagee or chargeant to principal sum secured by mortgage or charge on personal property after expiration of period for action to recover principal sum.

41. At the expiration of the period fixed by this Act for a mortgagee or
chargeant to bring an action to recover a principal sum of money secured by a
mortgage or charge on personal property (other than a ship), the right of the
mortgagee or chargeant to the principal sum and interest shall be
extinguished.

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Northern Irish Legislation

STATUTE OF LIMITATIONS (NORTHERN IRELAND) 1958 - SECT 41