340
No. 7 of 1886.
BILLS OF SALE.
Limitation of seizure.
15. Personal chattels assigned under a bill of sale shall not be liable to be seized or taken possession of by the grantee for any other than the following causes:
(1) if the grantor makes default in payment of the sum or sums of money thereby secured at the time therein provided for payment, or in the performance of any covenant or agreement contained in the bill of sale and necessary for maintaining the security; or
(2) if the grantor becomes a bankrupt or suffers the said goods or any of them to be distrained for rent, rates, or taxes;
or
(3) if the grantor fraudulently either removes or suffers the said goods or any of them to be removed from the premises; or
(4) if the grantor does not, without reasonable excuse, upon demand in writing by the grantee, produce to him his last receipts for rent, rates, and taxes; or
(5) if execution has been levied against the goods of the grantor under any judgment at law:
Provided that the grantor may, within five days from the seizure or taking possession of any chattels on account of any of the above-mentioned causes, apply to the court or judge who may, if satisfied that, by payment of money or otherwise, the said cause of seizure no longer exists, restrain the grantee from removing or selling the said chattels or may make such other order as may seem just.
16. A bill of sale made or given by way of security for the payment of money by the grantor thereof shall be void unless made in accordance with Form No. 2 in the First Schedule.
45 & 46 Vict. c. 43, s. 9.
First Schedule.
Form No. 2.
340
No. 7 of 1886.
causes of
BILLS OF SALE.
(2) any fixtures separately assigned or charged and any plant or trade machinery where such fixtures, plant, or trade machinery are or is used in; attached to, or brought upon any land, farm, factory, workshop, shop, house, warehouse, or other place in substitution for any of the like fixtures, plant, or trade machinery specifically described in the schedule to such bill of sale.
Limitation of 15. Personal chattels assigned under a bill of sale shall not be liable to be seized or taken possession of by the grantee for any other than the following causes :---
seizure.
45 & 46 Vict.
c: 43, s. 7. ··
** Form of
bill of sale.
(1) if the grantor makes default in payment of the sum or sums of money thereby secured at the time therein provided for payment, or in the performance of any covenant or agreement contained in the bill of sale and necessary for maintaining the security; or
(2) if the grantor becomes a bankrupt or suffers the said goods or any of them to be distrained for rent, rates, or taxes;
or
(3) if the grantor fraudulently either removes or suffers the said goods or any of them to be removed from the premises; or
(4) if the grantor does not, without reasonable excuse, upon demand in writing by the grantee, produce to him his last receipts for rent, rates, and taxes; or
*(5): if execution has been levied against the goods of the grantor under any judgment at law:
Provided that the grantor may, within five days from the seizure or taking possession of any chattels on account of any of the above-mentioned, causes, apply to the court or judge who may, if satisfied that, by payment. of money or otherwise, the said cause of seizure no longer exists, restrain- the grantee from removing or selling the said chattels or may make such other order as may seem just.
16. A bill of sale made or given by way of security for 45 & 46 Vict. the payment of money by the grantor thereof shall be void unless made in accordance with Form No. 2 in the First Schedule.
c. 43, s. 9. First Schedule.
Form No. 2.
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