80 Realisation of property.E+W+S
(1)Where—
[F1(a)a confiscation order is made in proceedings instituted for an offence to which this Part of this Act applies or an order is made or varied on an application under section 74A, 74B or 74C above;
(b)the proceedings in question have not, or the application in question has not, been concluded; and
(c)the order or variation is not subject to appeal;]
the High Court may, on an application by the prosecutor, exercise the powers conferred by subsections (2) to (6) below.
(2)The court may appoint a receiver in respect of realisable property.
(3)The court may empower a receiver appointed under subsection (2) above, under section 77 above or in pursuance of a charging order—
(a)to enforce any charge imposed under section 78 above on realisable property or on interest or dividends payable in respect of such property; and
(b)in relation to any realisable property other than property for the time being subject to a charge under section 78 above, to take possession of the property subject to such conditions or exceptions as may be specified by the court.
(4)The court may order any person having possession of realisable property to give possession of it to any such receiver.
(5)The court may empower any such receiver to realise any realisable property in such manner as the court may direct.
(6)The court may order any person holding an interest in realisable property to make such payment to the receiver in respect of any beneficial interest held by the defendant or, as the case may be, the recipient of a gift caught by this Part of this Act as the court may direct and the court may, on the payment being made, by order transfer, grant or extinguish any interest in the property.
(7)Subsections (4) to (6) above do not apply to property for the time being subject to a charge under section 78 above.
(8)The court shall not in respect of any property exercise the powers conferred by subsection (3)(a), (5) or (6) above unless a reasonable opportunity has been given for persons holding any interest in the property to make representations to the court.
Extent Information
E1S. 80: for extent of s. 80 see s. 172 and 1995 c. 20, s. 101 (which s. 101 was repealed (S.) (1.4.1996) by 1995 c. 40, s. 6 Sch. 5)
Textual Amendments
F1S. 80(1)(a)-(c) substituted (1.11.1995) by 1995 c. 11, s. 8(6); S.I. 1995/2650, art.2
Modifications etc. (not altering text)
C1S. 80 extended (S.): (31.3.1996, see S.I. 1996/517, art.3)) by 1995 c. 20, s. 101(2)(4) (which s. 101 was repealed (S.) (1.4.1996) by 1995 c. 40, s. 6, Sch. 5); and (1.4.1996) by 1995 c. 43, ss. 35(2)(4), 44, 50, Sch. 2 para. 2(2)