sec.61TEffect on enforcement warrant of transfer after sale by mortgagee

### sec.61T Effect on enforcement warrant of transfer after sale by mortgagee Subsection (2) applies if— a mortgage is registered over a plantation licence or plantation sublicence; and an enforcement warrant is later registered in relation to the plantation licence or plantation sublicence. If the mortgagee of the plantation licence or plantation sublicence signs a transfer of the plantation licence or plantation sublicence after exercising the power of sale under the mortgage— registration of the enforcement warrant does not prevent registration of the transfer; and on registration of the transfer, the registrar of titles must cancel registration of the enforcement warrant. To remove any doubt, it is declared that a transfer of a plantation licence or plantation sublicence by a mortgagee exercising its power of sale is subject to the requirements of this Act relating to consent to the transfer of a plantation licence or plantation sublicence. s 61T ins 2010 No. 12 s 45 amd 2021 No. 12 s 148 sch 3 (sec.61T-ssec.1) Subsection (2) applies if— a mortgage is registered over a plantation licence or plantation sublicence; and an enforcement warrant is later registered in relation to the plantation licence or plantation sublicence. (sec.61T-ssec.2) If the mortgagee of the plantation licence or plantation sublicence signs a transfer of the plantation licence or plantation sublicence after exercising the power of sale under the mortgage— registration of the enforcement warrant does not prevent registration of the transfer; and on registration of the transfer, the registrar of titles must cancel registration of the enforcement warrant. (sec.61T-ssec.3) To remove any doubt, it is declared that a transfer of a plantation licence or plantation sublicence by a mortgagee exercising its power of sale is subject to the requirements of this Act relating to consent to the transfer of a plantation licence or plantation sublicence. - (a) a mortgage is registered over a plantation licence or plantation sublicence; and - (b) an enforcement warrant is later registered in relation to the plantation licence or plantation sublicence. - (a) registration of the enforcement warrant does not prevent registration of the transfer; and - (b) on registration of the transfer, the registrar of titles must cancel registration of the enforcement warrant.