Section 14: Appointment of asset manager for property subject to a preservation order.

1 Where the Court has made a preservation order, it may direct the relevant organisation to—
a appoint an asset manager to—
(i) assume control of the property,
(ii) administer the property and do any act necessary for that purpose,
(iii) carry on the business or undertaking, where the property is an on-going business or undertaking, with due regard to any applicable law,
(iv) sell or otherwise dispose of the property, in the case of property that is perishable, or liable to deterioration, decay or injury by being detained in custody, and
(v) sell or otherwise dispose of the property where it is not economically viable to maintain;
b order a person holding any property subject to a preservation order to surrender the property into the custody of the asset manager, immediately or within such period as the Court may determine; and
c serve the preservation order on the relevant organisation for the purpose of documentation and accurate data management.

2 Where any property subject to a preservation order is not surrendered within the period that has been determined under subsection (1) (b), an authorised officer of the relevant organisation may enter by force, if necessary, any premises, where he reasonably believes the property is situate, in order to search for and seize the property.

3 Appointed asset managers may be accompanied by authorised officers of the relevant organisation or law enforcement officers as are reasonably required in order to effect entry into premises.