Section 169 — District Court Act 2016: Disposal of securities seized

169 Disposal of securities seized (1) The bailiff who seizes securities referred to in section 167(2)(b) must deliver them to the Registrar. (2) The Registrar must hold the securities for the benefit of the enforcement creditor as security for the enforcement debtor’s debts referred to in section 167(1) . (3) The execution creditor may sue for the money secured by or payable under the securities on their due date and may sue— (a) in the name of the enforcement debtor; or (b) in the name of any person in whose name the person against whom execution has issued might have sued. Compare: 1947 No 16 s 86