SCHEDULES

SCHEDULE 12Taking control of goods

Part 2The procedure

Valuation

36

(1)

Before the end of the minimum period, the enforcement agent must—

(a)

make or obtain a valuation of the controlled goods in accordance with regulations;

(b)

give the debtor, and separately any co-owner, an opportunity to obtain an independent valuation of the goods.

(2)

In this paragraph “minimum period” means the period specified by regulations under—

(a)

paragraph 49, in the case of securities;

(b)

paragraph 39, in any other case.