South Australian Current Acts

STOCK MORTGAGES AND WOOL LIENS ACT 1924

TABLE OF PROVISIONS

           Long Title

   PART 1--Preliminary

   1.      Short title
   2.      Incorporation with Act No. 389 of 1886
   4.      Interpretation

   PART 2--Stock mortgages

   5.      Stock mortgages
   6.      Stock to include increase of stock etc
   7.      How stock to be described in mortgage
   8.      Advances without limit may be made under mortgage in certain cases
   9.      Security may not be given without consent to third party over wool of mortgaged sheep
   10.     Mortgage may provide for mortgagee to have wool from mortgaged sheep
   11.     Mortgagor may sell mortgaged stock in the ordinary course of business
   12.     Contents of stock mortgage
   13.     Bill of sale may include limited number of horses and cattle

   PART 3--Preferable liens on wool

   14.     Owner of sheep may grant preferable lien on wool
   15.     Wool to continue subject to lien notwithstanding subsequent sale or mortgage
   16.     Lienee may take possession and shear sheep subject to the lien if lienor neglects to do so

   PART 4--Miscellaneous

   17.     Stock mortgages and wool liens not protected on insolvency in certain cases
   18.     Implied covenants in stock mortgages and agreements for wool liens
   18A.    Standard terms and conditions in stock mortgages and agreements for wool liens
   19.     Other implied covenants in stock mortgages and agreements for wool liens
   20.     Meaning of abbreviated expressions
   21.     Covenants to be several as well as joint
   22.     Covenants to bind executors
   23.     Execution
   24.     Attesting witness
   25.     Certain provisions of Bills of Sale Act to apply to mortgages and agreements for liens

   PART 5--Provisions relating to PPS Act

   26.     Certain provisions of Act to cease to have effect
   27.     Provision of information to Commonwealth
   28.     Immunity
   29.     Registrar-General may refuse to exercise functions
   30.     Registrar-General may dispose of certain documents
   31.     Regulations

   PART 6--Repeal of Act

   32.     Repeal of Act
           SCHEDULE 1--Stock mortgage
           SCHEDULE 2--Agreement conferring preferable lien on wool
           SCHEDULE 3--Powers, covenants, and provisions to be implied in stock mortgages
           SCHEDULE 4--Power to be implied in agreement for lien on wool
           SCHEDULE 5--Meaning of abbreviated expressions
           Legislative history