Marginal note:Release of arrested property
487 (1) Unless a caveat has been filed under subsection 493(2), a designated officer may issue a release of arrested property in Form 487
(a) on payment into court of
(i) the amount claimed,
(ii) the appraised value of the property arrested, or
(iii) where cargo is arrested for freight only, the amount of the freight, verified by affidavit;
(b) if bail has been given in an amount fixed under rule 485 and in accordance with subsections 486(1) and (2) and no objection under subsection 486(3) is outstanding;
(c) on the consent in writing of the party at whose instance the property was arrested; or
(d) on the discontinuance or dismissal of the action in respect of which the property was arrested.
Marginal note:Referral to judge or prothonotary
(2) Where a release is sought under subsection (1), a designated officer may refer the matter to a judge or prothonotary.
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