Section 50
Restriction of rights of creditor under execution or attachment
ActIn forceProvision 53 of 143
Section 50
(2)
For the purposes of this Act—
(a)
an execution against goods or land is completed by seizure and sale, or in the case of an equitable interest in land by the appointment of a receiver;
(b)
an attachment of a debt is completed by receipt of the debt;
(c)
an attachment of property is completed by the sale of such property and the satisfaction out of the proceeds of such sale of the judgment in execution of which the attachment was made.