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Section 50: Transcription of seizure

Transcription And Mortgage Act

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

50. Transcription of seizure (1) Where a memorandum of seizure registered and recorded under section 34 of the Registration Duty Act is required to be transcribed, the Conservator shall, on payment of any fee under section 56 (2), cause the memorandum of seizure, together with the authority to seize and the usher's return recorded in the RDDS, to be transcribed in the MIPD. (1A) For the purpose of subsection (1), an application shall be made in such form as the Conservator may approve. (2) (a) Where a memorandum of seizure is transcribed under subsection (1), the Conservator shall— (i) cause an electronic copy thereof to be replicated in the DCDB; (ii) cause the memorandum of seizure, together with the particulars specified in section 48 (4), to be forwarded to the person concerned through the RDDS or to be delivered to him in person. (b) The memorandum of seizure forwarded or delivered under paragraph (a) shall constitute proof of registration and transcription. [S. 50 amended by Act 37 of 1990; repealed and replaced by s. 30 (b) of Act 20 of 2011 w.e.f. 11 November 2011; s. 29 (i) of Act 26 of 2013 w.e.f. 19 May 2014; amended by s. 52 (f) of Act 9 of 2015 w.e.f. 2 July 2015.] T18 – 11 [Issue 8] Transcription and Mortgage Act 51. – 52. —

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