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This archived statute consolidation is current to November 5, 2001 and includes changes enacted and in force by that date. For the most current information, click here. |
LAND TITLE ACT – Continued
[RSBC 1996] CHAPTER 250
238 (1) An instrument must not be registered unless,
(a) in the case of a transfer of a freehold estate or a mortgage, the instrument complies with and has been completed, executed and witnessed in accordance with this Act and the regulations,
(b) in the case of a general instrument to which Division 6 of Part 14 applies, it complies with and has been completed, executed and witnessed in accordance with this Act and the regulations, or
(c) in the case of any other instrument, its form complies with and the instrument has been completed, executed and witnessed in accordance with this Act and the regulations.
(2) Subsection (1) (a) and (c) does not apply to an instrument that was executed before the coming into force of this Act, and the failure to comply with subsection (1) (a) and (c) does not, of itself, invalidate the registration of the instrument after the coming into force of this Act.
(3) Subsection (1) (b) does not apply to a general instrument that was executed before the coming into force of sections 232 to 237 and the failure to comply with subsection (1) (b) does not, of itself, invalidate the registration of the general instrument after the coming into force of sections 232 to 237.
(4) Despite subsection (1), the registrar may authorize the registration of an instrument that does not meet the requirements of that subsection if the registrar considers that it would be proper to do so.
239 (1) An instrument that contains a floating charge on land must not be registered unless
(a) it is attached as a schedule to a prescribed form of mortgage where, in addition to the floating charge, the instrument also creates a mortgage of specific land, or
(b) [Not in force – see Supplement]
(2) In the circumstances described in subsection (1) (a), the parties must, in the prescribed manner, indicate that the mortgage contains a floating charge.
240 The director may
(a) suspend the use of a prescribed form for a period not exceeding 45 days,
(b) alter a prescribed form if the director considers that the alteration is necessary to facilitate computerization, eliminate a defect or include additional information, or
(c) prohibit the use of any type of seal on an instrument to be registered, deposited or filed under this Act, if the director considers that the impression of the seal is not capable of being scanned or stored electronically or of being microfilmed.
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Copyright (c) 2001: Queen's Printer, Victoria, British Columbia, Canada