Application of proceeds of sale
188 Application of proceeds of sale
If the chief executive sells seized property, a structure, works or thing, the proceeds of the sale must be applied in the following order—
in payment of the reasonable expenses of the chief executive incurred in the sale;
in payment of the reasonable cost of—
seizing, removing and holding the property, structure, works or thing; and
giving notice of the seizure;
in payment of the reasonable cost of work necessary to restore the site from which the property, structure, works or thing is removed as nearly as practicable, to its former state;
in payment of any balance to the owner of the property, structure, works or thing.
This Act’s bill:Explanatory memorandum
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.