62Revesting of commodity if not accepted

#### 62 Revesting of commodity if not accepted 62 Revesting of commodity if not accepted > Where— > > > (a) a board refuses, for any reason (whether lawful or unlawful), to accept any of the commodity after tender of delivery to it in accordance with this Act, or > > > (b) any of the commodity becomes exempted from the provisions of this Act vesting the commodity in the board, > > that part of the commodity which the board refuses to accept or which is exempted shall revest in the person who would have been the owner of the commodity, but subject to all mortgages, charges, liens, pledges, interests and trusts that would have affected the commodity, if this Part had not applied to the commodity. > > **s 62:** Am 1986 No 218, Sch 23 (4).