s 54 Application of proceeds of sale
54.—(1) The proceeds of a sale under section 52(1) and (2) must be applied in the first place in satisfaction of the arrears together with interest thereon at the prescribed rates and costs. (2) Where there is any surplus remaining, the Board must —(a) if satisfied as to the right of any person claiming the surplus, pay the amount of the surplus to that person; or (b) if not so satisfied, hold the amount in trust for the person who may ultimately succeed in due course of law in establishing that person’s title to the surplus. (3) If no title is established to the surplus within a period of 5 years from the date of the sale, it must be paid into the funds of the Board.