PART 5

Vesting etc.

Vesting

Property subject to certain orders where confiscation order discharged or quashed
84
1
Subsection (2) applies where—
a
property is excluded from the debtor's estate by virtue of section 420(2)(a), (b), (c) or (d) of the Proceeds of Crime Act 2002 (property excluded from debtor's estate),
b
a confiscation order is made under section 6, 92 or 156 of that Act, and
c
the confiscation order is discharged under section 30, 114 or 180 of that Act (as the case may be) or quashed under that Act or in pursuance of any enactment relating to appeals against conviction or sentence.
2
Any such property vests in the trustee in the sequestration as part of the debtor's estate if it is in the hands of—
a
a receiver appointed under Part 2 or 4 of that Act,
b
an administrator appointed under Part 3 of that Act, or
c
an appropriate officer (within the meaning of section 41A, 120A or 190A of that Act).
3
But subsection (2) does not apply to the proceeds of property realised by a management receiver under section 49(2)(d) or 197(2)(d) of that Act (realisation of property to meet receiver's outlays and remuneration).