21Medium value uncollected goods

21 Medium value uncollected goods

21 Medium value uncollected goods

(1) This section applies to uncollected goods with a value equal to or more than $1,000 but less than $20,000 (medium value uncollected goods).

(2) A receiver may dispose of medium value uncollected goods by way of public auction or by private sale for a fair value if the depositor—

(a) has been given written notice of the receiver’s intention to dispose of the goods, and

(b) has been given at least 28 days, from the date when notice was given, within which to collect the goods.

(3) The receiver may move or store medium value uncollected goods in an appropriate manner.

ss 19–21: Subst 2018 No 79, Sch 3.1[9].