Act Number: 4

Act Name: The Transfer of Property Act, 1882

Year: 1882

Enactment Date: 1882-02-17

Long Title: An Act to amend the law relating to the Transfer of Property by act of Parties.

Ministry: Ministry of Law and Justice

Department: Legislative Department

Section 59: Mortgage when to be by assurance.
    Where the principal money secured is one hundred rupees or upwards, a mortgage 1[other than a mortgage by deposit of title-deeds], can be effected only by a registered instrument signed by the mortgagor and attested by at least two witnesses.
     Where the principal money secured is less than one hundred rupees, a mortgage may be effected either by 2[a registered instrument] signed and attested as aforesaid, or (except in the case of a simple mortgage) by delivery of the property.
     3*                                 *                                 *                                 *
Notes:
1. Ins. by Act 20 of 1929, s. 20.
2. Subs. by Act 6 of 1904, s. 3, for "an instrument".
3. Third paragraph omitted by Act 20 of 1929, s. 20.
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