109Receiver may take possession of property

#### 109 Receiver may take possession of property 109 Receiver may take possession of property > > (1) A receiver may take possession of receivable property of the relevant licensee or relevant associate. > > > (2) A person in possession, or having control, of receivable property must permit the receiver to take possession of the property if required by the receiver to do so. > > > (3) If a person fails to comply with such a requirement, the Supreme Court may, on the application of the receiver, order the person to deliver the property to the receiver. > > > (4) If, on the application of a receiver, the Supreme Court is satisfied that such an order has not been complied with, the Court— > > > > > (a) may order the seizure of any receivable property located on premises specified in the order, and > > > > > (b) may make such further order in the matter as it thinks fit. > > > (5) An order under subsection (4) (a) authorises— > > > > > (a) any police officer, or > > > > > (b) the receiver, or a person authorised by the receiver, together with any police officer, > > > > to enter the premises specified in the order and to search for, seize and remove any property that appears to be receivable property. > > > (6) An application by a receiver under subsection (3) may be made— > > > > > (a) in the case of property in the possession, or under the control, of the relevant licensee or relevant associate—in the name of the receiver, or > > > > > (b) in any other case—in the name of the relevant licensee or relevant associate. > > > (7) A receiver must, as soon as possible, return property seized under this section if it transpires that it is not receivable property.