147 Priority of caveat
any caveator, has the same effect as to priority as the registration of
any instrument under this Act, and the Registrar may in the
Registrar's discretion allow the withdrawal of a caveat at any time
and the registration in its place of the instrument under which the
person on whose behalf the caveat was lodged claims the person's
title or interest, if the instrument is an instrument that may be
registered under this Act, and, if the withdrawal of the caveat and
the registration of the instrument is simultaneous, the same priority
is preserved to all rights under the instrument as the like rights
were entitled to under the caveat.
RSA 1980 cL-5 s145