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The Transfer of Property Act, 1882

Section 67AMortgagee when bound to bring one suit on several mortgages

In forceChapter IV OF MORTGAGES OF IMMOVEABLE PROPERTY AND CHARGES

Chapter IV OF MORTGAGES OF IMMOVEABLE PROPERTY AND CHARGES

Rights and Liabilities of Mortgagee

s. 67A

67A. Mortgagee when bound to bring one suit on several mortgages [A mortgagee who holds two or more mortgages executed by the same mortgagor in respect of each of which he has a right to obtain the same kind of decree under section 67, and who sues to obtain such decree on any one of the mortgages, shall, in the absence of a contract to the contrary, be bound to sue on all the mortgages in respect of which the mortgage-money has become due.]

  1. 24. Section 67A was inserted by section 32 of the Transfer of Property (Amendment) Act, 1929 (Act No. XX of 1929)

End of s. 67A.

Read the contents: The Transfer of Property Act, 1882