Rule 191 – Effect of registration on exchange

(1) The person who was registered owner of the original holding when the transfer(s) or vesting order(s) (as the case may be) were or was lodged shall be registered as full or limited owner of the new holding, according as he/she was full or limited owner of the original holding.

(2) A nominee appointed by the Land Commission or Minister for Agriculture, Food and the Marine under its statutory powers may be registered as full owner with a possessory title.

(3) There shall be entered in the folio of the new holding the burdens (other than burdens discharged under the Act of 1923 by the transfer or vesting order, as the case may be) that appear in the folio of the original holding. The new holding shall be subject to the burdens so registered and to any burdens that, without registration, affect it.