ORDINANCE No. 12 of 1886.
Bills of Sale.
and a description of the residence and occupation of the person making or giving the same (or in case the same is made or given by any person under or in the execution of any process, then a description of the residence and occupation of the person against whom such process issued), and of every attesting witness to such bill of sale, shall be presented to and the said copy and affidavit shall be filed with the Registrar within seven clear days after the making or giving of such bill of sale.
(3.) If the bill of sale is made or given subject to any defeasance or condition, or declaration of trust not contained in the body thereof, such defeasance, condition, or declaration shall be deemed to be part of the bill, and shall be written on the same paper or parchment therewith before the filed registration, and shall be truly set forth in the copy under this Ordinance therewith and as part thereof, otherwise the registration shall be void.
In case two or more bills of sale are given, comprising in whole or in part any of the same chattels, they shall have priority in the order of the date of their registration respectively as regards such chattels.
A transfer or assignment of a registered bill of sale need not be registered.
11. The registration of a bill of sale, whether executed before or after the commencement of this Ordinance, must be renewed once at least every five years, and if a period of five years elapses from the registration or renewed registration of a bill of sale without a renewal or further renewal (as the case may be), the registration shall become void.
The renewal of a registration shall be effected by filing with the Registrar an affidavit stating the date of the bill of sale and of the last registration thereof, and the names, residences, and occupations of the parties thereto as stated therein, and that the bill of sale is still a subsisting security.
Every such affidavit may be in the form set forth in the Schedule A hereto.
A renewal of registration shall not become necessary by reason only of a transfer or assignment of a bill of sale.
1977
Renewal of registration, [4] & 42 V. 31, s. 11.
ORDINANCE No. 12 or 1886.
Bills of Sale.
and a description of the residence and occupation of the person making or giving the same (or in case the same is made or given by any person under or in the execution of any process, then a description of the residence and occupation of the person against whom such process issued), and of every attesting witness to such bill of sale, shall be presented to and the said copy and affidavit shall be filed with the Registrar within seven clear days after the making or giving of such bill of sale.
(3.) If the bill of sale is made or given subject to any defeasance or condition, or declaration of trust not contained in the body thereof, such defeasance, condition, or declaration shall be deemed to be part of the bill, and shall be written on the same paper or parchment therewith before the filed registration, and shall be truly set forth in the copy under this Ordinance therewith and as part thereof, otherwise the registration shall be void.
In case two or more bills of sale are given, comprising in whole or in part any of the same chattels, they shall have priority in the order of the date of their registration respectively as regards such chattels.
A transfer or assignment of a registered bill of sale need not be registered.
11. The registration of a bill of sale, whether executed before or after the commencement of this Ordinance, must be renewed once at least every five
years, and if a period of five years elapses from the registration or renewed registration of a bill of sale without a renewal or further renewal (as the case may be), the registration shall become void.
The renewal of a registration shall be effected by filing with the Registrar an affidavit stating the date of the bill of sale and of the last registration thereof, and the naines, residences, and occupations of the parties thereto as stated therein, and that the bill of sale is still a sub- sisting security.
Every such affidavit may be in the form set forth in the schedule A hereto.
A renewal of registration shall not become necessary by reason only of a transfer or assignment of a bill of sale.
1977
Renewal of registration, [4] & 42 V. 31, s. 11.]
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