National Land Code (Revised - 2020) · Updated to 15 Oct 2020 · Chapter 3 · Remedies of chargees: Sale
255. Special provision with respect to sums payable on demand
Feedback & supportWhere the principal sum secured by any charge is payable by the chargor on demand, the chargee may make the demand by a notice in Form 16e, and in that event, if the sum in question is not paid to him within one month of the date on which the notice is served, may apply forthwith for an order for sale without being required to serve a notice in Form 16d under subsection 254(1).
Subsection 254(2) shall apply to notices in Form 16e as they apply to notices in Form 16d.
Form
“Form”, followed by a number and letter, means the form in the First Schedule identified by that number and letter;
Procedure—Registry Title, Qualified Title
Registry title
“Registry title” means title evidenced by a grant or a State lease, or by any document of title registered in a Registry under the provisions of any previous land law;
Corresponding Thereto, and Subsidiary Title
subsidiary title
“subsidiary title” means title issued under this Act to any of the individual parcels within a building which has been subdivided pursuant to the provisions of the repealed Chapter 4 of Part Nine (which Chapter nonetheless, by virtue of, and subject to, subsection 82(2) of the Strata Titles Act 1985, continues to apply to the matters mentioned, and to the extent provided, in that subsection), and includes a strata title as defined in section 4 of that Act;