Section 95 – Right of Redeeming Co-mortgagor to Expenses – The Transfer of Property Act, 1882

Section 95 – Right of Redeeming Co-mortgagor to Expenses – The Transfer of Property Act, 1882

¹[Section 95: Right of redeeming co-mortgagor to expenses.

95. Where one of several mortgagors redeems the mortgaged property, he shall, in enforcing his right of subrogation under section 92 against his co-mortgagors, be entitled to add to the mortgage-money recoverable from them such proportion of the expenses properly incurred in such redemption as is attributable to their share in the property.]

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Reference:

1. Subs. by Act 20 of 1929, s. 48, for section 95. Original s. 96 was rep. by Act 5 of 1908, s. 156 and Sch. V.