Part 4Land attachment and residual attachment

Chapter 3Residual attachment

Termination, discharge etc. of residual attachment

139Termination by payment etc.

1

Subject to subsection (2) below, if the full sum recoverable by the residual attachment is either paid or tendered to—

a

the creditor;

b

where one has been appointed, the appointed person; or

c

F1an officer of court or any other person who has authority to receive payment on behalf of the creditor,

the residual attachment ceases to have effect.

2

Subsection (1) above does not apply unless the sum is paid or tendered before—

a

where a satisfaction order authorising sale of the attached property is made, a contract of sale of the attached property is concluded; or

b

in any other case, the attached property is otherwise disposed of.