- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (25/07/2003)
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Coal Mining Subsidence Act 1991
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Rhagor o Adnoddau
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Point in time view as at 25/07/2003.
Changes to legislation:
There are currently no known outstanding effects for the Coal Mining Subsidence Act 1991, Paragraph 2.
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2(1)The following provisions of this paragraph apply in the circumstances mentioned in paragraph 1(1) above.E+W+S
(2)If at the time when the depreciation payment is made the debt secured by the mortgage (other than any part of it representing costs for which the mortgagee would not be entitled to credit) has been paid in full, the depreciation payment shall be disposed of as if the interest had not been subject to the mortgage.
(3)If the interest was subject to two or more successive mortgages, paragraph 1 above shall have effect with the substitution for references to the mortgagee of references to the first mortgagee or, if sub-paragraph (2) above has effect in relation to the first mortgage, to the second mortgagee, and so on.
(4)Paragraph 1 above shall have effect in any case, as regards any mortgage, subject to any agreement between the mortgagee and the person who apart from that mortgage would have been entitled to receive the depreciation payment or part of that payment.
Commencement Information
I1 Sch. 2 para. 2 wholly in force at 30. 11. 1991 see s. 54(2) and S.I. 1991/2508, art. 2
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