SCHEDULES
C1SCHEDULE 12Taking control of goods
Annotations:
Modifications etc. (not altering text)
Part 2The procedure
Abandonment of securities
56
1
Securities are abandoned if the enforcement agent does not give the debtor or any co-owner notice under paragraph 49 (notice of disposal) within the permitted period.
2
Securities are abandoned if they are not disposed of in accordance with a notice of disposal under that paragraph.
3
Regulations may prescribe other circumstances in which securities are abandoned.
Sch. 12 applied (prosp.) by Finance Act 2008 (c. 9), ss. 127(2), 129(4)