SCHEDULES

SCHEDULE 12Taking control of goods

Part 2The procedure

53Abandonment of goods other than securities

1

Controlled goods are abandoned if the enforcement agent does not give the debtor or any co-owner notice under paragraph 40 (notice of sale) within the permitted period.

2

Controlled goods are abandoned if they are unsold after a sale of which notice has been given in accordance with that paragraph.

3

Regulations may prescribe other circumstances in which controlled goods are abandoned.