Part 10 — Exemptions
89 Property exempt up to the prescribed value
debtor's interest is exempt from writ proceedings up to a prescribed
value, but it does not apply to property where other property of the
same description has been selected for exemption under section 90.
(2) Property to which this section applies may be sold in writ
proceedings only if the proceeds of the sale exceed the total of any
amounts that would be payable out of the proceeds in respect of the
following:
(a) money payable under section 96(4);
(b) money payable to the enforc ement debtor or a subordinate
secured creditor or encumbrancer under section 98(1).
(3) A bailiff may seize personal property to which this section
applies except where the bailiff knows or should reasonably know
that the property could not be sold for more than the total of the
amounts referred to in subsection (2).
(4) Notwithstanding sections 7 and 47, an agency whose bailiff has
seized personal property under subsection (3) must release the
property from seizure without delay on acquiring knowledge that
the property cannot be sold for more than the total of the amounts
referred to in subsection (2).
(5) An agency that sells property to which this section applies
must deal with the proceeds in accordance with Part 11.
RSA 2000 cC-15 s89;2002 c17 s1(16)