sec.97MEffect of surrender of lot on profit a prendre

### sec.97M Effect of surrender of lot on profit a prendre If a lot subject to a profit a prendre is surrendered to the State, other than absolutely, the profit a prendre is a transaction that must be recorded on the new deed of grant under the Land Act 1994 , section 358 (5) . If a lot subject to a profit a prendre is surrendered absolutely, the profit a prendre is an interest that, under the Land Act 1994 , section 331 (2) , is extinguished from the day the surrender is registered. s 97M ins 2004 No. 4 s 53 (sec.97M-ssec.1) If a lot subject to a profit a prendre is surrendered to the State, other than absolutely, the profit a prendre is a transaction that must be recorded on the new deed of grant under the Land Act 1994 , section 358 (5) . (sec.97M-ssec.2) If a lot subject to a profit a prendre is surrendered absolutely, the profit a prendre is an interest that, under the Land Act 1994 , section 331 (2) , is extinguished from the day the surrender is registered.