Section 54 Conveyancing and Law of Property Act 1881

Section 54 of the Conveyancing Act 1881 is about Receipt in deed sufficient. It provides as follows:

(1.) A receipt for consideration money or securities in the body of a deed shall be a sufficient discharge for the same to the person paying or delivering the same, without any further receipt for the same being indorsed on the deed.

(2.) This section applies only to deeds executed after the commencement of this Act.