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New Zealand: Acts affecting Native Lands, 1886, 1888-91 and 1894-95

(2.) Exchange

page 13

(2.) Exchange.

44.Conditions of exchange. No exchange shall be ordered unless the Court shall be satisfied that, upon the same being effected, each of the parties thereto shall have sufficient land for his support, and that any money agreed to be paid to make equality of exchange has been paid.
45.Effects of exchange order. Orders effecting an exchange shall vest in each of the parties the estate, share, or interest theretofore held or owned by the other of them in the lands intended to be exchanged, and shall specify the amount of money (if any) paid to make equality of exchange, and shall be liable to ordinary deed stamp duty on such amount only, and may be registered without a confirmation order.