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Proceeds of Crime Act 2002

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This is the original version (as it was originally enacted).

267Functions of the trustee for civil recovery
This section has no associated Explanatory Notes

(1)The trustee for civil recovery is a person appointed by the court to give effect to a recovery order.

(2)The enforcement authority must nominate a suitably qualified person for appointment as the trustee.

(3)The functions of the trustee are—

(a)to secure the detention, custody or preservation of any property vested in him by the recovery order,

(b)in the case of property other than money, to realise the value of the property for the benefit of the enforcement authority, and

(c)to perform any other functions conferred on him by virtue of this Chapter.

(4)In performing his functions, the trustee acts on behalf of the enforcement authority and must comply with any directions given by the authority.

(5)The trustee is to realise the value of property vested in him by the recovery order, so far as practicable, in the manner best calculated to maximise the amount payable to the enforcement authority.

(6)The trustee has the powers mentioned in Schedule 7.

(7)References in this section to a recovery order include an order under section 276 and references to property vested in the trustee by a recovery order include property vested in him in pursuance of an order under section 276.

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