Section 58: Subrogation
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
58. Subrogation
Where the first execution creditor does not take any step to carry on the
second seizure within 8 days after the seizure has been notified to him under
section 57, the second execution creditor may ask for subrogation in the
proceedings.
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Questions this section answers
- How many days does the first creditor have to act on a seizure before another creditor can take over?
- What can a second creditor do if the first creditor fails to continue the seizure within 8 days?