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Criminal Justice (Scotland) Act 1995

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Changes over time for: Cross Heading: Money received by administrator

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No versions valid at: 05/03/1996

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Point in time view as at 05/03/1996. This version of this cross heading contains provisions that are not valid for this point in time. Help about Status

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There are currently no known outstanding effects for the Criminal Justice (Scotland) Act 1995, Cross Heading: Money received by administrator. Help about Changes to Legislation

Valid from 31/03/1996

Money received by administratorS

3(1)Subject to sub-paragraph (2) below, all money received by an administrator in the exercise of his functions shall be deposited by him, in the name (unless vested in the administrator by virtue of paragraph 2(3) above) of the holder of the property realised, in an appropriate bank or institution.S

(2)The administrator may at any time retain in his hands a sum not exceeding £200 or such other sum as may be prescribed by the Secretary of State by regulations made by statutory instrument.

(3)In sub-paragraph (1) above, “appropriate bank or institution” means a bank or institution mentioned in section 2(1) of the M1Banking Act 1979 or for the time being specified in Schedule 1 to that Act.

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