484.8. For the purposes of this subdivision and subject to section 484.8.1, a property is seized at any time by a person in respect of a debt where the beneficial ownership of the property is acquired or reacquired at that time by the person and the acquisition or reacquisition of the property was in consequence of another person’s failure to pay to the person all or part of the specified amount of the debt.
1996, c. 39, s. 139; 2004, c. 8, s. 99.