Deeds Registries Act, 1937 (Act No. 47 of 1937)

Chapter V : Bonds

General Provisions

52. Cession of bond to secure future advances

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A cession of a mortgage bond or notarial bond passed to secure future advances may be registered and the registration of such a cession shall not affect the provisions of the bond relating to future advances up to the amount stated in such bond or the amount as reduced.

 

[Section 52 substituted by section 20 of Act No. 87 of 1965]