Schedules
Schedule 7Minor and consequential amendments
Part 6Proceeds of crime: confiscation
Insolvency Act 1986 (c. 45)
I155
After section 306A insert—
306AAProperty released from detention
1
This section applies where—
a
property is excluded from the bankrupt's estate by virtue of section 417(2)(b) of the Proceeds of Crime Act 2002 (property detained under certain provisions),
b
no order is in force in respect of the property under section 41, 50, 120, 128, 190 or 198 of that Act, and
c
the property is released.
2
The property vests in the trustee as part of the bankrupt's estate.