(1) Land in a provisional folio created under this Division (other than a folio created in respect of a possessory interest) ceases to be subject to the subsisting interests referred to in the warning in the form of Part V of the Fifth Schedule recorded on the folio at the end of 15 years from the date of creation of the provisional folio.
(2) When registering a dealing that relates to a provisional folio created under this Division the Registrar may delete the warning in the form of Part V of the Fifth Schedule from the folio if satisfied that the land has ceased under subsection (1) to be subject to subsisting interests.
S. 26D substituted by No. 85/1998 s. 6, repealed by No. 42/2017 s. 4(1).
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S. 26E substituted by No. 85/1998 s. 6.