Land And Conveyancing Law Reform Act 2009


Escrows by corporate bodies.

65.— (1) Any rule of law to the effect that the affixing of a corporate seal to an instrument effects delivery by that body corporate is abolished.

(2) An instrument executed by a body corporate in accordance with section 64 (2) (b) is capable of operating as an escrow in the same circumstances and with the same consequences as an instrument executed by an individual.