Section 173 — District Court Act 2016: Purchaser from bailiff acquires goods free of all ownership and other proprietary interests
Text of the provision Official document
173 Purchaser from bailiff acquires goods free of all ownership and other proprietary interests (1) A person who purchases from a bailiff goods seized under a warrant to seize property, and who purchases without a claimant to the goods having paid a deposit or provided security in accordance with section 178(2) , acquires good title to the goods free of all ownership interests and other proprietary interests held in them before the sale. (2) This section is subject to— (a) sections 108 to 112 of the Insolvency Act 2006; and (b) sections 251 and 252 of the Companies Act 1993. Compare: 1947 No 16 s 90(1)(a), (3)
Official source: legislation.govt.nz
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