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Subscription by Registrar of Memorandum of Satisfaction of Judgment to operate as a Retransfer to the Debtor.
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V. ‘And whereas by the Ninth Section of the said recited Act of the Thirteenth and Fourteenth Years of the Reign of Her present Majesty it was enacted, that, upon the Lodgment in the Office for registering Deeds, Conveyances, and Wills therein mentioned of the Certificate of the Entry of Satisfaction upon the Roll of any Judgment, or the Certificate of any Decree, Rule, or Older having been performed, complied with, or satisfied, the Registrar of the said Office should, where an Affidavit had been registered under the said Act in respect of such Judgment, Decree, Rule, or Order, cause a Memorandum of Satisfaction thereof to be subscribed to the Entry of such Affidavit in the Books kept at the said Office, but no Provision was therein made for revesting the legal Estate in the Lands, Tenements, and Hereditaments in the said Affidavit mentioned, in the Debtor in the said Act mentioned, and consequently such legal Estate remains still outstanding in the Creditor in the said Act mentioned, although the Debt due to him shall have been fully paid off:’ Be it enacted, That when and so soon as such Subscription of a Memorandum of Satisfaction of any Judgment shall be so made to the Entry of any Affidavit which shall have been registered in manner authorized by said Ninth Section of said recited Act, such Registration shall thereupon be deemed and taken as null and void and otherwise as if no such Registration had been effected; and the legal or other Estate in the Lands affected by such Registration shall without any further Deed, Conveyance, or Assurance be and thereby become vested in the Person or Persons in whom such legal or other Estate would have been then vested if no such Registration had been therefore effected.
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