Mercantile Law Act 1959 (NI)

NORFOLK ISLAND

Mercantile Law Act 1959

No. 1, 1959

Compilation No. 1

Compilation date: 13 August 2019

Includes amendments up to: Norfolk Island Continued Laws Ordinance 2015 (No. 2, 2015) as amended up to Norfolk Island Legislation Amendment (Fees and Other Matters) Ordinance 2019 (F2019L01048)

NORFOLK ISLAND

MERCANTILE LAW ACT 1959

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TABLE OF PROVISIONS

PART 1 — PRELIMINARY

1. Short title 2. Parts 3. Application 4. Interpretation

PART 2 — BILLS OF SALE

5. Bills of sale not to have effect 6. Powers of attorney, etc 7. Mode of registering bills of sale 8. Register to be kept 9. Registration to be renewed every 5 years 10. Filing of memorandum of satisfaction 11. Courts may order filling of memorandum 12. Effect of filing memorandum of satisfaction

PART 3 — GRANTS OF LIENS ON CROPS

13. Liens on yearly crops 14. Mode of registering grants of liens on crops 15. Register to be kept 16. Liens not affected by sale, etc, of land 17. Sale of crops by grantee 18. Grantee to pay rent of leased land before selling crop 19. Grantee to pay interest to a mortgagee before selling crop 20. Duration of lien

PART 4 — MISCELLANEOUS

21. Assignments 22. Time for registration may be extended and mistakes in registers corrected 23. Search of registers, etc 24. Instruments and affidavits presumed to have been duly executed or sworn 25. Time for registering instrument executed outside the Territory 26. Covenants to be several as well as joint 27. Covenants to bind executors, etc Schedule

NORFOLK ISLAND

Mercantile Law Act 1959

An Act relating to bills of sale and grants of liens on crops