Chargee’s consent to transfer

Where a charge contains an agreement, express or implied, by the chargor with the chargee that he will not transfer the land, lease or charge or any part thereof without the written consent of the chargee, the agreement shall be noted in the register and no transfer by the chargor shall be registered until the written consent of the chargee, verified in accordance with section 110, has been produced to the Registrar.