66
In forceEffect of warrant imposing charge on property
66 Effect of warrant imposing charge on property
(1)
An enforcement warrant imposing a charge on property entitles SPER to the same remedies as SPER would have had if the charge had been made in SPER’s favour by the enforcement debtor.
(2)
However, SPER may not take proceedings to obtain a remedy in relation to particular charged property until—
(a)
the enforcement warrant imposing the charge is served on the enforcement debtor and, for interests in managed investment schemes or securities, the person who issued or administers the interests or securities; and
(b)
21 days have passed since the later service.
This Act’s bill:Explanatory memorandum
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