Bare ActsThe Transfer of Property Act, 1882

Section 70

Accession to mortgaged property.

Amendment status not verified — confirm the current text below against the official source.

If, after the date of a mortgage, any accession is made to the mortgaged property, the mortgagee, in the absence of a contract to the co ntrary, shall, for the purposes of the security, be entitled to such accession. Illustrations (a) A mortgages to B a certain field bordering on a river. The field is increased by alluvion. For the purposes of his security, B is entitled to the increase. (b) A mortgages a certain plot of building land to B and afterwards erects a house on the plot. For the purposes of his security, B is entitled to the house as well as the plot.

Section 70 – The Transfer of Property Act, 1882 | DailyLaw.ai