New Zealand Legislation: Bills

13A Release of vehicle after 28 days

• Section 98 is amended by adding the following subsections:

  • “(6) However, before disposing of a motor vehicle under subsection (4), a storage provider must—

    • “(a) search the personal property securities register to identify every person with a security interest in the motor vehicle; and

    • “(b) notify in writing every person with a security interest in the motor vehicle.

  • “(7) For the purposes of subsection (6), security interest has the same meaning as in section 17 of the Personal Property Securities Act 1999.”