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Section 70: Accession to mortgaged property.

The Transfer of Property Act, 1882Central Act · Act 4 of 1882

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.

Where this provision sits

ActThe Transfer of Property Act, 1882
Section70
Marginal noteAccession to mortgaged property.
JurisdictionCentral
StatusIn force as published by the source

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