Stock Mortgages and Wool Liens Act 1924 (SA)

South Australia Stock Mortgages and Wool Liens Act 1924 An Act to make better provision with respect to security taken over live stock and wool; and for other purposes.

Contents Part 1—Preliminary 1 Short title 2 Incorporation with Act No. 389 of 1886 4 Interpretation Part 2—Stock mortgages 5 Stock mortgages 6 Stock to include increase of stock etc 7 How stock to be described in mortgage 8 Advances without limit may be made under mortgage in certain cases 9 Security may not be given without consent to third party over wool of mortgaged sheep 10 Mortgage may provide for mortgagee to have wool from mortgaged sheep 11 Mortgagor may sell mortgaged stock in the ordinary course of business 12 Contents of stock mortgage 13 Bill of sale may include limited number of horses and cattle Part 3—Preferable liens on wool 14 Owner of sheep may grant preferable lien on wool 15 Wool to continue subject to lien notwithstanding subsequent sale or mortgage 16 Lienee may take possession and shear sheep subject to the lien if lienor neglects to do so Part 4—Miscellaneous 17 Stock mortgages and wool liens not protected on insolvency in certain cases 18 Implied covenants in stock mortgages and agreements for wool liens 18A Standard terms and conditions in stock mortgages and agreements for wool liens 19 Other implied covenants in stock mortgages and agreements for wool liens 20 Meaning of abbreviated expressions 21 Covenants to be several as well as joint 22 Covenants to bind executors 23 Execution 24 Attesting witness 25 Certain provisions of Bills of Sale Act to apply to mortgages and agreements for liens Part 5—Provisions relating to PPS Act 26 Certain provisions of Act to cease to have effect 27 Provision of information to Commonwealth 28 Immunity 29 Registrar‑General may refuse to exercise functions 30 Registrar‑General may dispose of certain documents 31 Regulations Part 6—Repeal of Act 32 Repeal of Act Schedule 1—Stock mortgage Schedule 2—Agreement conferring preferable lien on wool Schedule 3—Powers, covenants, and provisions to be implied in stock mortgages Schedule 4—Power to be implied in agreement for lien on wool Schedule 5—Meaning of abbreviated expressions Legislative history