Section 176 — District Court Act 2016: Personal property securities register to be checked
Text of the provision Official document
176 Personal property securities register to be checked (1) If goods are seized under a warrant to seize property, the Registrar must, on the next working day after the goods are seized, check whether a financing statement that relates to the goods has been registered on the personal property securities register kept under the Personal Property Securities Act 1999 . (2) If a financing statement has been registered, the bailiff must promptly notify the person named as the secured party in the financing statement of the following: (a) that the court may, under section 172 , sell the goods after the expiration of 5 working days from the date of seizure if the judgment debt remains unpaid and no claim has been made in respect of the goods by a person other than the judgment debtor: (b) the rights that may be available to the person under sections 178 and 179 . Compare: 1947 No 16 s 91A
Official source: legislation.govt.nz
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