New South Wales Consolidated Acts

PROPERTY AND STOCK AGENTS ACT 2002 - SECT 148

148 Receiver taken to be beneficially entitled to property

(1) Proceedings taken under this Division in the name of a receiver in relation to any property may be so taken as if the receiver were beneficially entitled to the property.

(2) If receivable property has been taken by, or paid or transferred to, a person or otherwise used unlawfully or in breach of trust, a receiver may take proceedings in the name of the receiver as if the receiver were beneficially entitled to the property at the time the property was so taken, paid, transferred or used.