Policing and Crime Act 2009 (c. 26)

Schedules

Schedule 7 U.K. Minor and consequential amendments

Part 6 U.K. Proceeds of crime: confiscation

Insolvency Act 1986 (c. 45) U.K.

55 U.K. After section 306A insert—

“306AA Property 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.”

Commencement Information

I1 Sch. 7 para. 55 in force at 1.6.2015 by S.I. 2015/983, arts. 2(2)(e), 3(h)