PART 5

Vesting etc.

Vesting

Property in respect of which receivership or administration order is made
82
1
Subsection (2) applies where—
a
property is excluded from the debtor's estate by virtue of section 420(2)(c) of the Proceeds of Crime Act 2002 (property in respect of which an order for the appointment of a receiver or administrator under certain provisions of that Act is in force),
b
a confiscation order is made under section 6, 92 or 156 of that Act,
c
the amount payable under the confiscation order is fully paid, and
d
any of the property remains in the hands of the receiver or administrator (as the case may be).
2
The property vests in the trustee in the sequestration as part of the debtor's estate.