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Part 8 SAttachment of money

Execution of money attachmentS

180Valuation of banking instrumentsS

(1)Where the [F1officer of court] considers that a banking instrument attached in execution of a money attachment is such that it is appropriate for valuation of the price the instrument is likely to fetch on the open market to be carried out by a professional valuer or other suitably skilled person, the officer must arrange for such a valuation.

(2)The creditor is liable for the valuer's reasonable remuneration and outlays incurred by virtue of subsection (1) above.

Annotations:

Amendments (Textual)