Section 419. Release, discharge or surrender of charge or incumbrance  


Latest version.
  • A
      release, discharge or surrender of a charge or incumbrance, or any  part
      thereof,  or  of  any part of the property charged or incumbered, may be
      effected by the production of a release, discharge or satisfaction, duly
      executed and acknowledged, made in any form authorized by law, except as
      herein provided. Any tax, water rent or assessment, subject to which the
      title has been registered and which has been noted on the certificate of
      title as provided in section three hundred ninety of this  chapter,  may
      be released and discharged in the same way upon a receipt therefor being
      issued  and  duly  certified  by  the  receiver of taxes or collector of
      assessments and arrears or other duly authorized officer,  as  the  case
      may require, and delivered to the registrar and filed in his office. The
      receiver  of taxes or collector of assessments and arrears or such other
      duly authorized officer, as the case may require,  upon  demand  of  any
      owner of registered property, shall execute, certify and deliver to such
      owner  such receipt when any such tax, water rent or assessment has been
      paid upon such registered property.