South Australian Consolidated Acts

STOCK MORTGAGES AND WOOL LIENS ACT 1924 - SECT 18A

18A—Standard terms and conditions in stock mortgages and agreements for wool liens

Section 11A of the Bills of Sale Act 1886 applies in relation to stock mortgages and agreements conferring a preferable lien on wool as if—

            (a)         a reference to a bill of sale were a reference to a stock mortgage or an agreement conferring a preferable lien on wool; and

            (b)         the reference in subsection (3) of that section to the grantee of a bill of sale were a reference to the mortgagee under a stock mortgage or the lienee under an agreement conferring a preferable lien on wool; and

            (c)         a reference in that subsection to the grantor of a bill of sale were a reference to the mortgagor under a stock mortgage or the lienor under an agreement conferring a preferable lien on wool.