Acts and Regulations

C-38.1 - Crown Lands and Forests Act

Section 62
Disposition versions

Full text
Payment of lien by mortgagee, judgment creditor, etc
62(1)Any mortgagee, judgment creditor or other person having any claim, lien, privilege or other encumbrance upon or against any timber or processed wood to which a lien attaches under section 61
(a) may pay the amount of such lien,
(b) may add such amount to his mortgage, judgment or other security, and
(c) has the same rights and remedies for such amount as are contained in his security.
62(2)Where the timber or processed wood to which a lien has attached under section 61 is sold under any order of foreclosure, sale or execution or under any other legal process otherwise than by the Crown to satisfy its lien, the amount of the lien under section 61 constitutes a first charge on the proceeds of the sale, and title thereof does not pass to the purchaser until the lien is satisfied.
Payment of lien by mortgagee, judgment creditor, etc
62(1)Any mortgagee, judgment creditor or other person having any claim, lien, privilege or other encumbrance upon or against any timber or processed wood to which a lien attaches under section 61
(a) may pay the amount of such lien,
(b) may add such amount to his mortgage, judgment or other security, and
(c) has the same rights and remedies for such amount as are contained in his security.
62(2)Where the timber or processed wood to which a lien has attached under section 61 is sold under any order of foreclosure, sale or execution or under any other legal process otherwise than by the Crown to satisfy its lien, the amount of the lien under section 61 constitutes a first charge on the proceeds of the sale, and title thereof does not pass to the purchaser until the lien is satisfied.