170 Protection of bona fide purchasers and mortgagees
subject to action for recovery of damages, or to action of ejectment,
or to deprivation of land in respect of which the purchaser or
mortgagee is registered as owner, any purchaser or mortgagee bona
fide for valuable consideration of land under this Act on the plea
that the purchaser's transferor or the mortgagee's mortgagor has
been registered as owner through fraud or error, or has derived title
from or through a person registered as owner through fraud or
error, except in the case of misdescription as mentioned in section
183(1)(e), if the purchaser or mortgagee has made all reasonable
efforts to confirm that the transferor or mortgagor is the registered
owner of the land.
(2) The protection for a purchaser or mortgagee referred to in
subsection (1) commences when the purchaser's or mortgagee's
instrument is registered.
RSA 2000 cL-4 s170;2008 c22 s9