New South Wales Consolidated Acts

PROPERTY AND STOCK AGENTS ACT 2002 - SECT 149

149 Receiver may deal with property

(1) A receiver may deal with receivable property in any manner in which the relevant licensee or relevant associate could, had the receiver not been appointed, have dealt with it.

(2) A receiver must, as soon as possible after receiving receivable property, vest the property in the person on whose behalf it was held by the relevant licensee or relevant associate.