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Article 279BA Property in respect of which realisation order madeF1F2

Northern Ireland

(1)

This Article applies where—

(a)

property is excluded from the bankrupt's estate by virtue of section 423(2)(d) of the Proceeds of Crime Act 2002 (property in respect of which an order has been made authorising realisation of the property by an appropriate officer),

(b)

a confiscation order is made under section 6, 92 or 156 of that Act,

(c)

the amount payable under the confiscation order is fully paid, and

(d)

any of the property remains in the hands of the appropriate officer.

(2)

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

Annotations

Textual amendments

F1

2002 c. 29

F2

Art. 279BA inserted (1.6.2015) by Policing and Crime Act 2009 (c. 26), ss. 112(1), 116(1), Sch. 7 para. 63; 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))