sec.542Ownership of equipment and improvements

### sec.542 Ownership of equipment and improvements While the equipment or improvements are on the land, they remain the property of the person who owned them immediately before they were taken, constructed or placed on the land, unless that person otherwise agrees. See however section 560 (Obligation to remove equipment and improvements). However, for a petroleum well, water injection bore, water observation bore or water supply bore, subsection (1) is subject to chapter 2 , part 10 , divisions 3 and 4 . Subsection (1) applies despite— the plant or equipment having become part of the land; or the sale or other disposal of the land. The equipment or improvements can not be— levied or seized in execution; or sold in exercise of a power of sale or otherwise disposed of by a process under a law of a State taken against the holder, or the owner of the land. This section applies despite— an Act or law of a State; or a contract, covenant or claim of right under a law of a State. s 542 amd 2005 No. 3 s 105 sch ; 2011 No. 2 ss 121 , 122 sch ; 2014 No. 47 s 633 (sec.542-ssec.1) While the equipment or improvements are on the land, they remain the property of the person who owned them immediately before they were taken, constructed or placed on the land, unless that person otherwise agrees. See however section 560 (Obligation to remove equipment and improvements). (sec.542-ssec.2) However, for a petroleum well, water injection bore, water observation bore or water supply bore, subsection (1) is subject to chapter 2 , part 10 , divisions 3 and 4 . (sec.542-ssec.3) Subsection (1) applies despite— the plant or equipment having become part of the land; or the sale or other disposal of the land. (sec.542-ssec.4) The equipment or improvements can not be— levied or seized in execution; or sold in exercise of a power of sale or otherwise disposed of by a process under a law of a State taken against the holder, or the owner of the land. (sec.542-ssec.5) This section applies despite— an Act or law of a State; or a contract, covenant or claim of right under a law of a State. - (a) the plant or equipment having become part of the land; or - (b) the sale or other disposal of the land. - (a) levied or seized in execution; or - (b) sold in exercise of a power of sale or otherwise disposed of by a process under a law of a State taken against the holder, or the owner of the land. - (a) an Act or law of a State; or - (b) a contract, covenant or claim of right under a law of a State.