Proceeds of Crime Act 2002

Section 267

SCHEDULE 7 Powers of trustee for civil recovery

Sale

1 Power to sell the property or any part of it or interest in it.

Expenditure

2 Power to incur expenditure for the purpose of—

(a) acquiring any part of the property, or any interest in it, which is not vested in him,

(b) discharging any liabilities, or extinguishing any rights, to which the property is subject.

Management

3 (1) Power to manage property.

(2) Managing property includes doing anything mentioned in paragraph 5(2) of Schedule 6.

Legal proceedings

4 Power to start, carry on or defend any legal proceedings in respect of the property.

Compromise

5 Power to make any compromise or other arrangement in connection with any claim relating to the property.

Supplementary

6 (1) For the purposes of, or in connection with, the exercise of any of his powers—

(a) power by his official name to do any of the things mentioned in sub-paragraph (2),

(b) power to do any other act which is necessary or expedient.

(2) Those things are—

(a) holding property,

(b) entering into contracts,

(c) suing and being sued,

(d) employing agents,

(e) executing a power of attorney, deed or other instrument.