20
CurrentLow value uncollected goods
Part 3Disposal of uncollected goods after due notice to depositor
20 Low value uncollected goods
(1)
This section applies to uncollected goods with a value of less than $1,000 (low value uncollected goods).
(2)
A receiver may dispose of low value uncollected goods in an appropriate manner if the depositor—
(a)
has been given oral or written notice of the receiver’s intention to dispose of the goods, and
(b)
has been given at least 14 days, from the date when notice was given, within which to collect the goods.
(3)
The receiver may move or store low value uncollected goods in an appropriate manner.
This Act’s bill:Explanatory memorandumSecond reading speech
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