66Instrument under Real Property Act

66 Instrument under Real Property Act

66 Instrument under Real Property Act

(1) Where—

(a) an instrument is executed which, if registered, would take effect as a deed,

(b) a cause of action founded on the instrument accrues, and

(c) before the material date, the instrument is registered,

a right or title which would, apart from this section, be extinguished by this Act on the expiration of the limitation period fixed by or under this Act for the cause of action is extinguished on the material date and not before.

(2) For the purposes of this section—

(a) the material date is the date of the expiration of the limitation period which would be fixed by or under this Act for the cause of action if the instrument were a deed, and

(b) registered means registered under the Real Property Act 1900.