OpenLegislation

Article 174 Exclusion of property which is not recoverable etc. under interim administration orderI1

United Kingdom

(1)

If the court decides that any property to which an interim administration order applies is neither recoverable property nor associated property, it must vary the order so as to exclude it.

(2)

The court may vary an interim administration order so as to exclude from the property to which the order applies any property which is alleged to be associated property if the court thinks that the satisfaction of any right of the enforcement authority to recover the property which satisfies the tests in article 202(1) and (2) will not be prejudiced.

(3)

The court may exclude any property within paragraph (2) on any terms or conditions, applying while the interim administration order has effect, which the court thinks necessary or expedient.

Annotations

Commencement

I1

Art. 174 in force at 1.1.2006, see art. 1