130Termination, &c., of appointment of receiver or manager

130 Termination, &c., of appointment of receiver or manager

(1)  This section applies where a receiver or manager has been appointed under this Division in respect of the trust money or business of a property agent.

(2)  The Board or the property agent may at any time apply to a magistrate for an order that –

(a) the appointment of the receiver or manager be terminated; or

(b) a different person, specified in the application, be appointed to be the receiver or manager.

(3)  The magistrate may make such an order.