124. Rejecting instrument if requisitions not complied with

(1) If within 30 days of service of the notice under section 123, or any extended period the Registrar determines appropriate, the person does not comply with the notice, the Registrar may reject the instrument and any instrument that depends on it for registration.
(2) An instrument rejected under subsection (1) loses its priority under section 25.
(3) Where the Registrar rejects an instrument under subsection (1), the Registrar shall return it to the person who lodged it, and may endorse a note on the instrument that it has been rejected.