Unregistered deeds void.Unregistered deeds void.

### Unregistered deeds void. 4 & 5 Geo. V., c. 47, ss. 2, 3. Vic., s. 253. 193.—(1.) A deed of arrangement to which this Part applies shall be void unless— (a) it is registered under this Act within twenty-eight clear days after its first execution by the debtor or any creditor, or, if it is executed beyond Australia, then within fourteen clear days after the time at which it would in the ordinary course of post arrive in Australia if posted within one week after its execution; and (b) before or within twenty-eight days after the date of registration, or within such extended time as the Court allows it receives the assent of a majority in number and value of the creditors of the debtor. (2.) In calculating a majority of creditors for the purposes of this section, a creditor holding security upon the property of the debtor shall be reckoned as a creditor only in respect of the balance (if any) due to him after deducting the value of the security, and creditors whose debts amount to sums not exceeding Ten pounds shall be reckoned in the majority in value but not in the majority in number.