Victorian Current Acts Victorian Current Acts (1) When an Authority sells a water share, or
causes it to be transferred, under section 287B—
S. 287D(1)(a) amended by No. 32/2010 s. 66(1).
(a) the sale or transfer is free from all rights of the owner of the water share or any mortgagee over the water share; and
(b) the Registrar must, when registering the transfer, cancel any recorded mortgages on the water share.
S. 287D(2) inserted by No. 32/2010 s. 66(2).
(2) The application of this section to the sale or
transfer of water share is not to be taken to affect the rights of any holder
of a limited term transfer under the water share.
Pt
13A
(Heading and ss 287E– 287U) inserted by
No. 85/2006 s. 120.
Part 13A—Process for transfer of property etc. of Authorities
S. 287E inserted by No. 85/2006 s. 120.