On 25/05/2013,
you requested for the version in force on 25/05/2013
incorporating all amendments published on or before 25/05/2013.
The closest version currently available is that of 28/03/2013.
Priority of interests protected by caveats, mortgages and statutory charges registered or notified on land-register
17.
—(1) Where any land has been surrendered to the President under section 9, 10 or 11, with subsisting mortgages, statutory charges and caveats registered or notified on the land-register, the priority of these mortgages, statutory charges and caveats shall be determined as follows:
(a)
the priority for caveats lodged under section 115 and notified in the land-register shall be determined in accordance with section 119; and
(b)
the priority for mortgages and statutory charges (including those instruments registered under the Registration of Deeds Act (Cap. 269) and subsequently notified on the folio when created) shall be determined in accordance with section 48.
(2) Where any instrument (including a mortgage, statutory charge or caveat) was materially amended pending its final registration or notification in the land-register, as the case may be, section 48(2) shall apply, with the necessary modifications, to the determination of its priority in accordance with this section.
(3) The respective priorities of mortgages, statutory charges and caveats as determined in subsection (1) shall apply only to those mortgages, statutory charges and caveats which were subsisting at the date of surrender and have not been discharged, withdrawn or cancelled at the date of the issue of fresh title to the land or part thereof.