109Effect of writ of execution on goods

109 Effect of writ of execution on goods

109 Effect of writ of execution on goods

(cf Act No 1 1923, section 29)

(1) A writ of execution against goods binds the property in the goods as from the time the writ is delivered to the Sheriff.

(2) Despite subsection (1), a writ of execution does not affect the title to goods acquired by a person in good faith and for valuable consideration unless, when the person acquires title, he or she has notice that such a writ has been delivered to the Sheriff and remains unexecuted.

pt 2A, divs 1–6 (ss 18A–18O): Ins 2010 No 135, Sch 6.2 [2]. Rep 2013 No 1, Sch 1.6 [2].