s. 27 (1) Where a legal practitioner, conveyancer or estate S. 27(1) agent is holding deposit moneys as a stakeholder amended by Nos 35/1996 under section 24, the purchaser may by s. 453(Sch. 1 authorization in writing empower the legal item 73.7), 75/2006 practitioner, conveyancer or estate agent (as the s. 192(Sch. 2 case may be) to release those deposit moneys to item 5.8). the vendor in his own right or as the vendor directs. (2) Subsection (1) shall only operate— (a) where the contract is not subject to any condition enuring for the benefit of the purchaser; and (b) where the purchaser has accepted title or may be deemed to have accepted title. S. 27(3) (3) An authorization in writing shall not be effective amended by unless and until the vendor has given the No. 42/1989 purchaser a notice in writing setting out— s. 4(b). S. 27(3)(a) (a) if there is a mortgage over the land which is substituted by the subject of the transaction, the particulars No. 42/1989 s. 4(b). specified in Schedule 1; and * * * * * S. 27(3)(b) repealed by No. 42/1989 s. 4(b). S. 27(3)(c) (c) particulars of any caveat lodged under the amended by Transfer of Land Act 1958 in respect of the No. 42/1989 s. 4(c). land which is the subject of the transaction— and the purchaser has given notice under subsection (4) that he is satisfied with those particulars. (4) Where the purchaser is satisfied— (a) that the particulars provided under paragraphs (a) and (c) of subsection (3) are accurate; and
S. 27(1) amended by Nos 35/1996 s. 453(Sch. 1 item 73.7), 75/2006 s. 192(Sch. 2 item 5.8). (1) Where a legal practitioner, conveyancer or estate agent is holding deposit moneys as a stakeholder under section 24, the purchaser may by authorization in writing empower the legal practitioner, conveyancer or estate agent (as the case may be) to release those deposit moneys to the vendor in his own right or as the vendor directs. (2) Subsection (1) shall only operate— (a) where the contract is not subject to any condition enuring for the benefit of the purchaser; and (b) where the purchaser has accepted title or may be deemed to have accepted title. S. 27(3) amended by No. 42/1989 s. 4(b). (3) An authorization in writing shall not be effective unless and until the vendor has given the purchaser a notice in writing setting out— S. 27(3)(a) substituted by No. 42/1989 s. 4(b). (a) if there is a mortgage over the land which is the subject of the transaction, the particulars specified in Schedule 1; and S. 27(3)(b) repealed by No. 42/1989 s. 4(b). * * * * * s. 27 S. 27(3)(c) amended by No. 42/1989 s. 4(c). (c) particulars of any caveat lodged under the Transfer of Land Act 1958 in respect of the land which is the subject of the transaction— and the purchaser has given notice under subsection (4) that he is satisfied with those particulars. (4) Where the purchaser is satisfied— (a) that the particulars provided under paragraphs (a) and (c) of subsection (3) are accurate; and
62-6975a140.docx