LawgistThe Transfer of Property Act
134Mortgaged debt
Where a debt is transferred for the purpose of securing an existing or future debt, the debt so transferred, if received by the transferor or recovered by the transf eree, is applicable, first, in payment of the costs of such recovery; secondly, in or towards satisfaction of the amount for the time being secured by the transfer; and the residue, if any, belongs to the transferor or other person entitled to receive the same.
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OF TRANSFERS OF ACTIONABLE CLAIMS
- 130 Transfer of actionable claim
- 130A Repealed
- 131 Notice to be in writing, signed
- 132 Liability of transferee of actionable claim
- 133 Warranty of solvency of debtor
- 134 Mortgaged debt
- 135 Assignment of rights under policy of insurance against fire
- 135A [Repealed.]
- 136 Incapacity of officers connected with Courts of Justice
- 137 Saving of negotiable instruments, etc
