Restriction on power to make further temporary alienation

General199531 sections

Statutory text

(1) During the currency of a mortgage made under section 8 in form
- (a) or form
- (b) or of a lease or farm under this Act, the owner shall be at liberty to make a further temporary alienation of the same land for such term as together with the term of the current mortgage, lease or farm will make up a term not exceeding the full term of twenty-one years.
(2) Any such further temporary alienation, if made for a longer term than is permitted by this section, shall be deemed to be a temporary alienation for the term permitted by this section.

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