59Registration of transfer by mortgagee, chargee or covenant chargee

#### 59 Registration of transfer by mortgagee, chargee or covenant chargee 59 Registration of transfer by mortgagee, chargee or covenant chargee > The Registrar-General shall, for the purpose of a sale authorised by section 58, register a transfer executed by a mortgagee, chargee or covenant chargee in the approved form and, upon that registration, the estate or interest of the mortgagor, charger or covenant charger in the land comprised in the transfer shall pass to and be vested in the transferee, freed and discharged from all liability on account of the mortgage, charge or covenant charge, or of any mortgage, charge or covenant charge registered subsequent thereto. > > **s 59:** Am 1930 No 44, sec 41 (c). Subst 1970 No 23, sec 11 (o). Am 1979 No 164, Sch 12 (17); 1986 No 71, Sch 1 (15).