[F17(1)If the property is unclaimed it is treated as forfeited.U.K.
(2)The property is “unclaimed” if, by the end of the period for the giving of a notice of claim—
(a)no such notice has been given in relation to it or any part of it, or
(b)the requirements of paragraphs 5 and 6 have not been complied with in relation to the only notice or notices of claim that have been given.
(3)Sub-paragraph (1) applies in relation to a readily separable part of the property as it applies in relation to the property, and for this purpose sub-paragraph (2) applies as if references to the property were to the part.
(4)In this paragraph “readily separable part” has the meaning given by paragraph 1.]
Textual Amendments
F1Sch. inserted (1.4.2008) by Police and Justice Act 2006 (c. 48), ss. 39(45), 53(1), Sch. 11; S.I. 2008/790, art. 2(c)