Lawzonline.com

 
 

 


   
   

 

 

70. Accession to mortgaged property.- If, after the date of a mortgage, any accession is made to the mortgaged property, the mortgagee, in the absence of a contract to the contrary, shall, for the purposes of the security, be entitled to such accession.
Illustrations

(a) A mortgages to B a certain field bordering on a river. The field is increased by alluvion. For the purposes of his security, B is entitled to the increase.

(b) A mortgages a certain plot of building land to B and afterwards erects a house on the plot. For the purposes of his security, B is entitled to the house as well as the plot.

   
   
   
   
 

Central Bare Acts

  State Bare Acts
   
 

 

 

 

   
   
 
   
 
 

Home | Legal Dictionary | Law Schools | Law Digest | Bare Acts | Disclaimer |  Contact Us | Useful Links

Partner Site: E-Magazine | Articles | Fun zone | Lawyers jokes | Short stories

 
   
   
   
 

 

 

Copy right : Indu Info (All rights reserved)