Enforcement action: taking control of goods (TCoG): taking control of securities and co-owned goods
Taking control of securities
Securities can include:
- bills of exchange
- promissory notes
- specialities and securities for money.
If you intend to seize any securities, you should contact your manager.
Under TCoG co-owned goods can be seized. Additional actions are required where co-owned goods are taken under control. So, if you seize co-owned goods then as well as providing the co-owner with the inventory of goods and notice after entry, you must also ensure that where appropriate they receive copies of the valuation and notice of sale.