Paragraph 7 F1

(1)

If the property is unclaimed it is treated as forfeited.

(2)

The property is “unclaimed” if, by the end of the period for the giving of a notice of claim—

(a)

no such notice has been given in relation to it or any part of it, or

(b)

the requirements of paragraphs 5 and 6 have not been complied with in relation to the only notice or notices of claim that have been given.

(3)

Sub-paragraph (1) applies in relation to a readily separable part of the property as it applies in relation to the property, and for this purpose sub-paragraph (2) applies as if references to the property were to the part.

(4)

In this paragraph “readily separable part” has the meaning given by paragraph 1.

Annotations

Textual amendments

F1: Sch. inserted (1.4.2008) by Police and Justice Act 2006 (c. 48), ss. 39(45), 53(1), Sch. 11; S.I. 2008/790, art. 2(c)

Notes on Schedule

Modifications

C1: Sch. applied (6.4.2010) by Coroners and Justice Act 2009 (c. 25), ss. 67(1)(b), 182(5) (with s. 180, Sch. 22 para. 12(2)); S.I. 2010/816, art. 2, Sch. para. 1
C2: Sch. applied (3.5.2015) by Serious Crime Act 2015 (c. 9), ss. 69(5)(b), 88(1); S.I. 2015/820, reg. 2(m)