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s 71

Purchasers of property sold, protection of

In force
Part 4Enforcing monetary judgments
Division 6Seizing and selling a judgment debtor’s property
Subdivision 1General

71 Purchasers of property sold, protection of

(1)

In this section —

third party interest, in relation to property that has been sold under a property (seizure and sale) order, means any legal or equitable estate or interest in the property of a person other than the judgment debtor.

(2)

If an enforcement officer, under a property (seizure and sale) order, sells any saleable interest in property, other than a saleable interest that is registered under the Transfer of Land Act 1893 in respect of land under the operation of that Act, the purchaser acquires a good title to the property subject only to —

(a)

any third party interest in relation to the property that has been registered, or of which public notice has been given, under a written law before the sale; and

(b)

any other third party interest in relation to the property, a claim for which has either been admitted under section 84(1) or determined as valid by a court in interpleader proceedings, before the sale; and

(c)

any third party interest acquired before the sale in the manner set out in section 74(4)(a) and (b).

(3)

If an enforcement officer, under a property (seizure and sale) order, sells any property, the enforcement officer is not liable to any person in respect of the sale unless it is proved that the officer had notice of, or by making reasonable inquiries might have ascertained, the existence of a third party interest.

(4)

Subsections (2) and (3) do not affect the entitlement of a person who claims a third party interest in any property sold under a property (seizure and sale) order to a remedy against a person, other than the enforcement officer or the purchaser of the property, if the claimant proves that at the time of the sale the claimant had a third party interest in the property.

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