South Australian Consolidated Acts

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STOCK MORTGAGES AND WOOL LIENS ACT 1924 - SECT 9

9—Security may not be given without consent to third party over wool of mortgaged sheep

The mortgagor under any stock mortgage comprising sheep shall not, except with the consent in writing of the mortgagee, and then only so far as is authorised by such consent, give to any third person any security on the next ensuing clip of the wool of such sheep. Any such security given without such consent shall be void to all intents and purposes.



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