C1PART IXBANKRUPTCY
Annotations:
Modifications etc. (not altering text)
CHAPTER IVADMINISTRATION BY TRUSTEE
Acquisition, control and realisation of bankrupt's estate
F3 Property subject to restraint order279A
1
This Article applies where—
a
property is excluded from the bankrupt’s estate by virtue of section 423(2)(a) of the Proceeds of Crime Act 2002 (property subject to a restraint order),
b
c
the restraint order is discharged.
2
On the discharge of the restraint order the property vests in the trustee as part of the bankrupt’s estate.
3
But paragraph (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 remuneration and expenses).
Pts. VIII-X (arts. 209-345) modified by Foyle Fisheries Act (Northern Ireland) 1952 (c. 5), s. 52K(2) (as inserted (prosp.) by Foyle and Carlingford Fisheries (Northern Ireland) Order 2007 (S.I. 2007/915 (N.I. 9)), arts. 1(3), 3(1) (with art. 32))