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Proceeds of Crime Act 2002

Status:

This is the original version (as it was originally enacted).

285Effect on diligence of recovery order (Scotland)
This section has no associated Explanatory Notes

(1)An arrestment or poinding of any recoverable property executed on or after the appointment of the trustee for civil recovery is ineffectual in a question with the trustee.

(2)Any recoverable property so arrested or poinded, or (if the property has been sold) the proceeds of sale, must be handed over to the trustee for civil recovery.

(3)A poinding of the ground in respect of recoverable property on or after such an appointment is ineffectual in a question with the trustee for civil recovery except for the interest mentioned in subsection (4).

(4)That interest is—

(a)interest on the debt of a secured creditor for the current half yearly term, and

(b)arrears of interest on that debt for one year immediately before the commencement of that term.

(5)On and after such appointment no other person may raise or insist in an adjudication against recoverable property or be confirmed as an executor-creditor on that property.

(6)An inhibition on recoverable property shall cease to have effect in relation to any heritable property comprised in the recoverable property on such appointment.

(7)The provisions of this section apply in relation to—

(a)an action of maills and duties, and

(b)an action for sequestration of rent,

as they apply in relation to an arrestment or poinding.

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