Section 13 Provisions as to property subject to hire-purchase agreements.C1
In a case where any property in respect of the requisition or acquisition of which compensation is required by the preceding provisions of this Act to be paid to the person who is the owner of the property immediately before the requisition or acquisition, is then in the possession of some other person by virtue of a hire-purchase agreement F1or a conditional sale agreement, that person may, by a notice given in the prescribed form and manner to the prescribing authority, within the period limited by this Act in relation to the making of any claim by the owner for payment of the compensation, make a claim to have apportioned to him such part of the compensation as may be specified in his claim; and, in default of agreement between the parties, the last-mentioned claim shall be referred to the tribunal constituted under this Act which has jurisdiction in the matter of any such claim by the owner, and thereupon that tribunal may apportion the compensation between the owner and the other person in such manner as appears to it to be just.
Annotations
Textual amendments
- F1
Words inserted by Consumer Credit Act 1974 (c. 39, SIF 60), s. 192(3)(a)(4), Sch. 4 Pt. I para. 7
Modifications
- C1
S. 13 applied with modifications by Public Works (Festival of Britain) Act 1949 (c. 26), s. 5(8)(b)