C1C2C3C4 Part 3 Confiscation: Scotland

Annotations:

Realisation of property: general

I1C2129C2 Management administrators: discharge

1

This section applies if—

a

an administrator stands appointed under section 125 in respect of realisable property (the management administrator), and

b

the court appoints an administrator under section 128.

2

The court must order the management administrator to transfer to the other administrator all property held by him by virtue of the powers conferred on him by section 125.

3

If the management administrator complies with an order under subsection (2) he is discharged—

a

from his appointment under that section,

b

from any obligation under this Act arising from his appointment.