Payment in lieu of attachment permits deposit of property's fair value with court approval, subject to possible costs. A deposit taker, person treated as a deposit taker, or a transferee facing imminent or provisional attachment may, before confirmation of attachment, ... Summary
Payment in lieu of attachment permits deposit of property's fair value with court approval, subject to possible costs.
A deposit taker, person treated as a deposit taker, or a transferee facing imminent or provisional attachment may, before confirmation of attachment, apply to the Designated Court to deposit the fair value of the property in lieu of attachment; the Designated Court may require payment of applicable costs when allowing such a deposit.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.