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B.C TORRENS SYSTEM. Presented by George E.H. Cadman, QC Boughton Law Corporation April 9, 2011 Society of Notaries Public 2011 Spring Conference . Outline. Historical Perspective The Fundamental Principles What the Statute says The “Exceptions” The 2005 Amendments. Historical Perspective.
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B.C TORRENS SYSTEM Presented by George E.H. Cadman, QCBoughton Law CorporationApril 9, 2011 Society of Notaries Public 2011 Spring Conference
Outline • Historical Perspective • The Fundamental Principles • What the Statute says • The “Exceptions” • The 2005 Amendments
Historical Perspective • Sir Robert Torrens (1814-1884) • replaced Common Law system for transfer of land • 1858: Real Property Act (S.A.) • 1860: Land Registry Act (Van. Island) • 1870: Land Registry Ordinance (B.C)
Fundamental Principles • “Mirror” Principle • “Curtain” Principle • “Insurance” Principle
Land Title Act (Part 3) • “Mirror” Principle • Section 20 • Section 22 • Section 23(2) • No “adverse possession” • Section 23(3) & (4) • Section 24 • “Curtain” Principle • Section 29(2) • Section 27 • Section 28
The “Fraud” Exception • Section 29(2) “Except in the case of fraud in which he or she has participated … • BCLI Consultation Paper (2009) • “notice” – two theories • registration with actual notice of an unregistered interest = fraud • fraud = dishonesty + registration with actual notice • Lee v. Ling (2008) 74 BCLR (4th) 32 (C.A.)
The 2005 Amendments • “Deferred Indefeasibility” • Gibbs v. Messer [1891] AC 248 (P.C.) • Prof. Bob Reid in the Scrivener V.15, No. 1 (Spring 2006) • Land Title Act, Sec. 25.1 • Land Title Act, Sec. 26 • Gill v. Buchholz 2009 BCCA 137 • related issue of “good safe-holding and marketable title” • Smith v. Graham 2009 BCCA 192 • In Re Oehlerking 2009 BCCA 138 and Sec. 26
Summary • The role of the Assurance Fund • Section 296(3) • Gill @ para. 27 • Torrens would have some questions