s.114Proceeds of executions against debtor
114
Section 114Part 17Benefit of Transactions Affecting the Debtor and the Debtor’s Property

Proceeds of executions against debtor

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When the goods of a person have been taken in execution in respect of judgment and sold, the bailiff or officer executing the process shall, if the bailiff or officer has notice of a petition filed by or against such person, hold the balance of the proceeds of the sale, after deducting expenses, upon trust to pay the same to the Trustee or other person entitled thereto under the petition.