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Section 70 – Transfer of Property Act 1882

Transfer of Property Act 1882

 

70. Accession to mortgaged property.—

 

If, after the date of a mortgage, any accession is made to the mortgaged property, the mortgagee, in the absence of a contract to the contrary, shall, for the purposes of the security, be entitled to such accession.

 

Illustrations

 

(a) A mortgages to B a certain field bordering on a river. The field is increased by alluvion. For the purposes of his security, B is entitled to the increase.

 

(b) A mortgages a certain plot of building land to B and afterwards erects a house on the plot. For the purposes of his security, B is entitled to the house as well as the plot.

 

 

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Transfer of Property Act 1882

 

Indian Laws – Bare Acts

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