Agricultural Credit Act, 1978

Exemption from stamp duty and fees.

[1965, s. 9.]

53.—(1) Stamp duty shall not be chargeable on any instrument whereby a charge or mortgage in favour of the Corporation is created or released or a charging order under Chapter 5 of this Part or a condition subject to which moneys are lent or advanced, or a guarantee is given, by the Corporation is varied or amended or the consent of the registered owner or the person in occupation of the land to which the charge relates or the personal representative of such owner or person is given to such creation, variation or amendment.

(2) No fee or other payment shall be charged or imposed by the registering authority for the registration in a register or in the Registry of Deeds of a charge or mortgage created in favour of the Corporation or for the cancellation of the entry of a charge or mortgage in favour of the Corporation in a register or in the Registry of Deeds, as the case may be, or for the registration or other notation in a register of the variation or amendment of a charging order in favour of the Corporation.