ACTIn ForceRegulation
Court Procedures Rules
2226Seizure and sale order—personal property subject to
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2226 Seizure and sale order—personal property subject to
conditional bill of sale
(1) This rule applies if personal property subject to a seizure and sale
order is in the enforcement debtor’s possession and is also subject to
a conditional bill of sale.
(2) An enforcement officer may sell the enforcement debtor’s interest in
the property without taking possession of it.
(3) On receiving written notice that a person (the purchaser) has
purchased the interest, the person having the benefit of the bill of sale
(the holder of the bill) may take possession of the property.
(4) If the holder of the bill takes possession of the property, the holder is
taken to hold it for the use of the purchaser, subject to the purchaser’s
payment of any amounts payable under the bill of sale.
(5) If the property is later sold under the bill of sale and any surplus
remains from the proceeds of sale after the debt to the holder of the
bill is satisfied, the holder must pay the surplus to the purchaser.
(6) This rule does not affect the right of the enforcement creditor to test
the validity of the bill of sale by interpleader.