sec.7Sale by mortgagee or holder of charge— Act , s 19B

sec.7 Sale by mortgagee or holder of charge— Act , s 19B

This section applies if a notifiable dealing with a resource authority is required to be executed because of the exercise of a power of sale in relation to the resource authority by a mortgagee or the holder of a charge. For section 19B (2) of the Act , the mortgagee or holder of the charge must give notice to the chief executive of the notifiable dealing to enable its registration. s 7 amd 2020 Act No. 14 s 86 (sec.7-ssec.1) This section applies if a notifiable dealing with a resource authority is required to be executed because of the exercise of a power of sale in relation to the resource authority by a mortgagee or the holder of a charge. (sec.7-ssec.2) For section 19B (2) of the Act , the mortgagee or holder of the charge must give notice to the chief executive of the notifiable dealing to enable its registration.