Yn ddilys o 15/07/2013
Abandonment of securitiesE+W
Yn ddilys o 06/04/2014
55E+WParagraphs 56 and 57 apply to securities as controlled goods.
56(1)Securities are abandoned if the enforcement agent does not give the debtor or any co-owner notice under paragraph 49 (notice of disposal) within the permitted period.E+W
(2)Securities are abandoned if they are not disposed of in accordance with a notice of disposal under that paragraph.
(3)Regulations may prescribe other circumstances in which securities are abandoned.
Yn ddilys o 06/04/2014
57(1)If securities are abandoned then, in relation to the enforcement power concerned, the following apply—E+W
(a)the enforcement power ceases to be exercisable;
(b)as soon as reasonably practicable the enforcement agent must make the securities available for collection by the debtor, if he removed them from where he found them.
(2)Where the enforcement power was under a writ or warrant, sub-paragraph (1) does not affect any power to issue another writ or warrant.