Part 5 — Seizure of Personal Property
47 Termination of seizure
under seizure until the agency
(a) sells or otherwise disposes of the property under this Act, or
(b) releases the property from seizure.
(2) If personal property has been under seizure for at least 45 days,
the agency may give 15 days' notice of the agency's intention to
release the property from seizure to
(a) every enforcement creditor who, at the time that the notice
is given, has a related writ against the enforcement debtor,
and
(b) any person who has given notice to the agency under section
48.1.
(3) Unless within the 15-day period referred to in subsection (2)
the agency has been directed by a person given a notice under
RSA 2000
subsection (2) to continue the seizure, the agency may release from
seizure the property in respect of which the notice was given.
(4) Subsections (2) and (3) as amended by section 3(4) of the
Justice and Court Statutes Amendment Act, 2011, apply only to
personal property seized on or after the coming into force of this
subsection.
RSA 2000 cC-15 s47;2002 c17 s1(9);2006 c4 s1;2011 c20 s3