94 Tacking and further advances

94  Tacking and further advances

(1)     After the commencement of this Act, a prior mortgagee shall have a right to make further advances to rank in priority to subsequent mortgages (whether legal or equitable)—

(a)     if an arrangement has been made to that effect with the subsequent mortgagees; or

(b)     if he had no notice of such subsequent mortgages at the time when the further advance was made

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