(1) Where a receiver is appointed in respect of property which is identified in the restraining order, and the Court appoints another receiver the Court shall order the first receiver to transfer to the second receiver all property held by him or her by virtue of the powers conferred on him or her.
(2) Where the first receiver complies with an order under subsection (1), he or she is discharged.
(Inserted by Act 18 of 2023)