141
In forceExtending priority notice
Part 7APriority notices
141 Extending priority notice
(1)
A priority notice may be extended for 30 days by depositing a request (an extension request) to extend the notice.
(2)
An extension request must be—
(a)
in the appropriate form; and
(b)
signed by or for the person for whom the priority notice was deposited; and
(c)
deposited within 60 days after the priority notice was deposited.
(3)
Only 1 extension request may be deposited for a priority notice.
(4)
The deposit of an extension request continues the effect of the priority notice under section 140.
This Act’s bill:Explanatory memorandum
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