(1) A property
(seizure and sale) order ceases to operate —
(a) when
the judgment debt in relation to which it was made is satisfied; or
(b) when
under section 102 it ceases to operate; or
(c) when
an order cancelling it has effect under section 103,
whichever happens
first.
(2) If —
(a) a
property (seizure and sale) order is registered under the
Transfer of Land Act 1893 section 133; and
(b) the
sale period referred to in that section in respect of the order expires at a
time after the order ceases to operate under section 102,
the property (seizure
and sale) order is to be taken to remain in operation until the sale period
expires, despite section 102.
(3) If a property
(seizure and sale) order ceases to operate before any property seized under it
is sold, the property must be released and returned to a person who is
entitled to its possession.
[Section 62 amended: No. 5 of 2008 s. 9.]