MORTGAGE MATTERS
Q.: (1) Can creditors take wife's money, which she had before .she married debtor? (2) A. and 13. have partnership m farm subject to £3000 mortgage. A. wishes to withdraw fiom partnership. Will it mean a ti ansfer, and what will the cost be? — "Farmer" (Bush Siding-). A.: CD No; the money remains the separate property of the wife, and is free from liability; for the husband's
debts. (2) As the title to the farm is presumably m the names of the two partners, a transfer will be necessary. It will be necessary to take the partnership account for the purposes of the dissolution. Stamp duty will, be payaMe on the proportion of the partnership debts, including the mortgage to which' A. is liable and for which liability is assumed by B.
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https://paperspast.natlib.govt.nz/newspapers/NZTR19260325.2.113
Bibliographic details
NZ Truth, Issue 1061, 25 March 1926, Page 18
Word Count
134MORTGAGE MATTERS NZ Truth, Issue 1061, 25 March 1926, Page 18
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