SCHEDULES
C1SCHEDULE 12Taking control of goods
Annotations:
Modifications etc. (not altering text)
Part 2The procedure
Limitation of liability for sale or payment of proceeds
64
1
Any liability of an enforcement agent or related party to a lawful claimant for paying over proceeds is excluded except in two cases.
2
The first exception is where at the time of the payment he had notice that the goods were not the debtor's, or not his alone.
3
The second exception is where before that time the lawful claimant had made an application to the court claiming an interest in the goods.
4
A lawful claimant in relation to goods is a person who has an interest in them at the time of sale.
Sch. 12 applied (prosp.) by Finance Act 2008 (c. 9), ss. 127(2), 129(4)