Financial Management of Parliament Act, 2009
R 385
Deeds Registries Act, 1937 (Act No. 47 of 1937)Chapter V : BondsRights of Mortgagees60. Consent of bondholder to registration of merger of rights of mortgagor |
If the holder of a mortgaged lease of land or of mortgaged real rights in land acquires the ownership of that land, or if the holder of a mortgaged lease of real rights in land acquires those rights, or if the owner of mortgaged land which is entitled to rights of servitude over other land, acquires the ownership of that other land, such acquisition of the additional land or rights shall not be registered without the consent in writing of the holder of the bond.
