Creditors' Remedies against Debtors (10:III): Difference between revisions
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Creditors' Remedies against Debtors (10:III) (view source)
Revision as of 22:20, 2 October 2022
, 2 October 2022→b) Limitation Period
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Unless an action to enforce a claim of lien is started and a certificate of pending litigation is registered in a Land Title Office within one year, the lien is extinguished (s 33(5)). Note that the owner may require the lien-holder to commence an action within 21 days, by sending the holder of a claim of lien notice in writing (s 33(2)). | Unless an action to enforce a claim of lien is started and a certificate of pending litigation is registered in a Land Title Office within one year, the lien is extinguished (s 33(5)). Note that the owner may require the lien-holder to commence an action within 21 days, by sending the holder of a claim of lien notice in writing (s 33(2)). | ||
=== 2. Liens on Chattels (Repairer’s Liens) === | === 2. Liens on Chattels (Repairer’s Liens) === | ||