78: Postponement of prior mortgagee — Transfer of Property Act, 1882

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Postponement of prior mortgagee.—Where, through the fraud, misrepresentation or gross neglect of a prior mortgagee, another person has been induced to advance money on the security of the mortgaged property, the prior mortgagee shall be postponed to the subsequent mortgagee.

Related sections

77: Receipts in lieu of interest 79: Mortgage to secure uncertain amount when maximum is expressed 76: Liabilities of mortgagee in possession 80: [Repealed]74-75: [Repealed] sections 74-75 81: Marshalling securities

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