Article 279AA Property released from detentionF1

(1)

This Article applies where—

(a)

property is excluded from the bankrupt's estate by virtue of section 423(2)(b) of the Proceeds of Crime Act 2002 (property detained under certain provisions),

(b)

no order is in force in respect of the property under section 41, 50, 120, 128, 190 or 198 of that Act, and

(c)

the property is released.

(2)

The property vests in the trustee as part of the bankrupt's estate.

Annotations

Textual amendments

F1: Art. 279AA inserted (1.6.2015) by Policing and Crime Act 2009 (c. 26), ss. 112(1), 116(1), Sch. 7 para. 61; S.I. 2015/983, arts. 2(2)(e), 3(l)

Notes on Part IX

Modifications

C1: Pts. VIII-X (arts. 209-345) modified by Foyle Fisheries Act (Northern Ireland) 1952 (c. 5), s. 52K(2) (as inserted (prosp.) by Foyle and Carlingford Fisheries (Northern Ireland) Order 2007 (S.I. 2007/915 (N.I. 9)), arts. 1(3), 3(1) (with art. 32))