Point in time view as at 01/01/2014.
Terrorism Act 2000, Cross Heading: Administrators is up to date with all changes known to be in force on or before 10 March 2025. 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.
17(1)The Court of Session may by rules of court prescribe the powers and duties of an administrator appointed under paragraph 16.U.K.
(2)An administrator appointed under paragraph 16 shall be entitled to be paid his remuneration and expenses out of the proceeds of the property realised by him or, if and so far as those proceeds are insufficient, by the Lord Advocate.
(3)The accountant of court shall supervise an administrator appointed under paragraph 16 in the exercise of the powers conferred, and discharge of the duties imposed, on him under or by virtue of that paragraph.
(4)An administrator appointed under paragraph 16 shall not be liable to any person in respect of any loss or damage resulting from action—
(a)which he takes in relation to property which is not forfeited property, but which he reasonably believes to be forfeited property,
(b)which he would be entitled to take if the property were forfeited property, and
(c)which he takes reasonably believing that he is entitled to take because of his belief that the property is forfeited property.
(5)Sub-paragraph (4) does not apply in so far as the loss or damage is caused by the administrator’s negligence.
Modifications etc. (not altering text)
C1Sch. 4 para. 17 applied (13.12.2001) by S.I. 2001/3927, art. 18
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