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Proceeds of Crime (Scotland) Act 1995
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Changes over time for: Paragraph 7
Version Superseded: 30/12/2002
Alternative versions:
- 01/04/1996- Amendment
- 01/04/1996
Point in time - 30/12/2002- Amendment
- 22/04/2009- Amendment
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Point in time view as at 01/04/1996. This version of this provision has been superseded.
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7Without prejudice to sections 32 and 33 of this Act—
(a)no arrestment or poinding of property executed on or after an appointment as regards the property under paragraph 1 above shall be effectual to create a preference for the arrester or poinder and any such property so arrested or poinded, or the proceeds of sale thereof, shall be handed over to the administrator;
(b)no poinding of the ground in respect of property on or after such appointment shall be effectual in a question with the administrator except for the interest on the debt of a secured creditor, being interest for the current half-yearly term and arrears of interest for one year immediately before the commencement of that term;
(c)it shall be incompetent on or after such appointment for any other person to raise or insist in an adjudication against the property or to be confirmed as executor-creditor on that property; and
(d)no inhibition on property which takes effect on or after such appointment shall be effectual to create a preference for the inhibitor in a question with the administrator.
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