Part 8Attachment of money
Release of money attached
I1188Redemption of banking instrument
1
The debtor may, before the expiry of the period of 14 days beginning with the date on which the report of money attachment is made, redeem a banking instrument attached by the money attachment.
2
The debtor may not redeem an instrument in relation to which an order under section 181(3) of this Act has been made.
3
The amount for which such an instrument may be redeemed is the value of the instrument specified in the report of money attachment.
4
The F1officer of court must, on receiving payment from the debtor for the redemption of an attached instrument—
a
grant a receipt in (or as nearly as may be in) the form prescribed by Act of Sederunt to the debtor; and
b
report the redemption to the sheriff as soon as is reasonably practicable.
5
The money attachment ceases, on the grant of such a receipt, to have effect in relation to the redeemed instrument.