Lodging of cautions

(1) Any person who– (a) claims any unregistrable interest whatever, in land or a lease or a charge; (b) is entitled to a licence; or (c) has presented a bankruptcy petition against the proprietor of any registered land, lease or may lodge a caution with the Registrar forbidding the registration of dispositions of the land, lease or charge concerned and the making of entries affecting the same. (2) A caution may either– (a) forbid the registration of dispositions and the making of entries altogether; or (b) forbid the registration of dispositions and the making of entries to the extent therein expressed. 83 (3) A caution shall be in the prescribed form and shall state the interest claimed by the cautioner and the Registrar may require the cautioner to support it by a statutory declaration. (4) The Registrar may refuse to register a caution which he considers unnecessary. (5) Subject to this section, a caution shall be registered in the appropriate register.