Rees v Guardian Trust and Executors Company of New Zealand Limited - [1956] NZLR 340

Limitation of Action — Mortgage of Personalty — No Limitation on Mortgagor's Right of Redemption so long as that Right is available — Mortgage of Shares — Necessary Characteristics of a "mortgage" — Amount repaid, Securities available, and Mortgagee's Position unchanged — Mortgagor's Right to redeem Twenty-five Years after Execution of Mortgage — Limitation Act 1950 not applicable.