sec.97OCreation only by registration

### sec.97O Creation only by registration A carbon abatement interest over a lot— is created by registering an instrument of carbon abatement interest for the lot; and can not be created other than under this division. An instrument of carbon abatement interest must— be validly executed; and include— a description sufficient to identify the lot the subject of the interest; and the terms of the interest; and the period for which the interest is granted. If the carbon abatement interest relates to a part of a lot, the instrument may only be registered if— a plan of survey has been registered, designating the part of the lot as being the subject of a carbon abatement interest; and the instrument includes a description identifying the part of the lot designated on the registered plan of survey. This section does not limit the matters that the appropriate form for an instrument of carbon abatement interest may require to be included in the instrument. s 97O ins 2011 No. 31 s 335 (sec.97O-ssec.1) A carbon abatement interest over a lot— is created by registering an instrument of carbon abatement interest for the lot; and can not be created other than under this division. (sec.97O-ssec.2) An instrument of carbon abatement interest must— be validly executed; and include— a description sufficient to identify the lot the subject of the interest; and the terms of the interest; and the period for which the interest is granted. (sec.97O-ssec.3) If the carbon abatement interest relates to a part of a lot, the instrument may only be registered if— a plan of survey has been registered, designating the part of the lot as being the subject of a carbon abatement interest; and the instrument includes a description identifying the part of the lot designated on the registered plan of survey. (sec.97O-ssec.4) This section does not limit the matters that the appropriate form for an instrument of carbon abatement interest may require to be included in the instrument. - (a) is created by registering an instrument of carbon abatement interest for the lot; and - (b) can not be created other than under this division. - (a) be validly executed; and - (b) include— (i) a description sufficient to identify the lot the subject of the interest; and (ii) the terms of the interest; and (iii) the period for which the interest is granted. - (i) a description sufficient to identify the lot the subject of the interest; and - (ii) the terms of the interest; and - (iii) the period for which the interest is granted. - (i) a description sufficient to identify the lot the subject of the interest; and - (ii) the terms of the interest; and - (iii) the period for which the interest is granted. - (a) a plan of survey has been registered, designating the part of the lot as being the subject of a carbon abatement interest; and - (b) the instrument includes a description identifying the part of the lot designated on the registered plan of survey.