Where a statutory receipt may be used1 and by the receipt the money appears to have been paid by a person who is not entitled to the immediate equity of redemption2, the receipt operates (save in the case of registered land) as if the benefit of the mortgage3 had by deed been transferred to him4, unless either it is otherwise expressly provided5 or the mortgage is paid off out of capital money or other money in the hands of a personal representative or trustee properly applicable for the discharge of the mortgage, and it is not expressly provided that
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234