National Nuclear Regulator Act, 1999
R 385
Insolvency Act, 1936 (Act No. 24 of 1936)127A. Rehabilitation by effluxion of time |
| (1) | Any insolvent not rehabilitated by the court within a period of ten years from the date of sequestration of his estate, shall be deemed to be rehabilitated after the expiry of that period unless a court upon application by an interested person after notice to the insolvent orders otherwise prior to the expiration of the said period of ten years. |
| (2) | If a court issues an order contemplated in subsection (1), the registrar shall transmit a copy of the order to every officer charged with the registration of title to any immovable property in the Republic. |
| (3) | Upon receipt of the order by such officer he shall enter a caveat against the transfer of all immovable property or the cancellation or cession of any bond registered in the name of or belonging to the insolvent. |
| (4) | The caveat shall remain in force until the date upon which the insolvent is rehabilitated. |
[Section 127A substituted by section 7 of Act No. 122 of 1993]
