Bankruptcy (Scotland) Act 2016 (asp 21)

PART 5 S Vesting etc.

Vesting S

82 Property in respect of which receivership or administration order is made S

(1) Subsection (2) applies where—

(a) property is excluded from the debtor's estate by virtue of section 420(2)(c) of the Proceeds of Crime Act 2002 (property in respect of which an order for the appointment of a receiver or administrator under certain provisions of that Act is in force),

(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 receiver or administrator (as the case may be).

(2) The property vests in the trustee in the sequestration as part of the debtor's estate.

Commencement Information

I1 S. 82 in force at 30.11.2016 by S.S.I. 2016/294, reg. 2