PART II POINDINGS AND WARRANT SALES

Supplementary

45 Interpretation of Part II.

In this Part of this Act—

  • “dwellinghouse” includes a caravan, a houseboat and any structure adapted for use as a residence;

  • “the poinding schedule” means the schedule provided for in section 20(5) of this Act;

  • “the report of sale” means the report provided for in section 39(1) of this Act;

  • “the sum recoverable” means the total of—

a

the amount outstanding of the sum due by the debtor under the decree or other document on which the diligence proceeds (including any interest thereon and any expenses decerned for);

b

any sum due under section 93(5) of this Act; and

c

any expenses which have been incurred in serving a charge and in the process of poinding and sale which are chargeable against the debtor under Schedule 1 to this Act.