Where a receiver—
(a) takes action in relation to property which is not realizable property or the specified property;
(b) is entitled to take the action if it were realizable property or the specified property; and
(c) believes on reasonable grounds that he or she is entitled to take the action,
he or she is not liable to a person in respect of any loss or damage resulting from the action, except so far as the loss or damage is caused by his or her negligence.
(Inserted by Act 18 of 2023)