Commentary

36 Priority between charges of registered land

COMPANIES vol 10(2) borrowing and debentures

36 Priority between charges of registered land

36 Priority between charges of registered land1

Registered charges on the same registered estate are taken to rank as between themselves in the order shown in the register2 and, subject to any entry in the individual register to the contrary, the order in which registered charges are entered in an individual register shows the order in which they rank between themselves3.

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