Part 5 U.K.Civil recovery of the proceeds etc. of unlawful conduct

Chapter 4 U.K.General

InterpretationU.K.

314 Obtaining and disposing of propertyU.K.

(1)References to a person disposing of his property include a reference—

(a)to his disposing of a part of it, or

(b)to his granting an interest in it,

(or to both); and references to the property disposed of are to any property obtained on the disposal.

(2)A person who makes a payment to another is to be treated as making a disposal of his property to the other, whatever form the payment takes.

(3)Where a person’s property passes to another under a will or intestacy or by operation of law, it is to be treated as disposed of by him to the other.

(4)A person is only to be treated as having obtained his property for value in a case where he gave unexecuted consideration if the consideration has become executed consideration.

315 Northern Ireland courtsU.K.

In relation to the practice and procedure of courts in Northern Ireland, expressions used in this Part are to be read in accordance with rules of court.

316 General interpretationU.K.

(1)In this Part—

(2)The following provisions apply for the purposes of this Part.

(3)For the purpose of deciding whether or not property was recoverable at any time (including times before commencement), it is to be assumed that this Part was in force at that and any other relevant time.

(4)Property is all property wherever situated and includes—

(a)money,

(b)all forms of property, real or personal, heritable or moveable,

(c)things in action and other intangible or incorporeal property.

(5)Any reference to a person’s property (whether expressed as a reference to the property he holds or otherwise) is to be read as follows.

(6)In relation to land, it is a reference to any interest which he holds in the land.

(7)In relation to property other than land, it is a reference—

(a)to the property (if it belongs to him), or

(b)to any other interest which he holds in the property.

(8)References to the satisfaction of the enforcement authority’s right to recover property obtained through unlawful conduct are to be read in accordance with section 279.

(9)Proceedings against any person for an offence are concluded when—

(a)the person is convicted or acquitted,

(b)the prosecution is discontinued or, in Scotland, the trial diet is deserted simpliciter, or

(c)the jury is discharged without a finding.