Section 175 — District Court Act 2016: Goods seized under warrant to seize property that are subject to security interest

175 Goods seized under warrant to seize property that are subject to security interest (1) This section applies if a third person claims a security interest in goods that have been seized under a warrant to seize property. (2) The court may order the sale of all or part of the goods on terms as to the application of the proceeds of sale to all or part of the secured debt or otherwise as the court thinks fit. (3) The purchaser of goods sold under this section obtains good title to the property free of all ownership interests and other proprietary interests held in the property before that sale. Compare: 1947 No 16 s 91