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Proceeds of Crime Act 2002, Section 64 is up to date with all changes known to be in force on or before 06 October 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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(1)This section applies if—
(a)a receiver stands appointed under section 48 in respect of realisable property (the management receiver), and
(b)the court appoints a receiver under section 50 F1....
(2)The court must order the management receiver to transfer to the other receiver all property held by the management receiver by virtue of the powers conferred on him by section 49.
F2(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)Subsection (2) does not apply to property which the management receiver holds by virtue of the exercise by him of his power under section 49(2)(d).
(5)If the management receiver complies with an order under subsection (2) he is discharged—
(a)from his appointment under section 48;
(b)from any obligation under this Act arising from his appointment.
(6)If this section applies the court may make such a consequential or incidental order as it believes is appropriate.
Textual Amendments
F1Words in s. 64(1)(b) repealed (1.4.2008) by Serious Crime Act 2007 (c. 27), s. 94(1), Sch. 8 para. 31(2), Sch. 14; S.I. 2008/755, art. 2(1)(a)(d) (with arts. 3-14)
F2S. 64(3) repealed (1.4.2008) by Serious Crime Act 2007 (c. 27), s. 94(1), Sch. 8 para. 31(3), Sch. 14; S.I. 2008/755, art. 2(1)(a)(d) (with arts. 3-14)
Modifications etc. (not altering text)
C1Pt. 2 applied by Terrorism Act 2000 (c. 11), Sch. 8 paras. 8(5A), 34(3A) (as substituted (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 11 para. 39(2)(5); S.S.I. 2003/210, art. 2(1)(b)(2), sch. (with art. 7); S.I. 2003/333, art. 2, Sch.)
C2Pt. 2 applied by Police and Criminal Evidence Act 1984 (c. 60), ss. 56(5B), 58(8B) (as substituted (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 11 para. 14(2)(3); S.I. 2003/333, art. 2, Sch.)
Commencement Information
I1S. 64 in force at 24.3.2003 by S.I. 2003/333, art. 2, Sch.
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