Valid from 24/03/2003
Modifications etc. (not altering text)
C1Pt. 4 functions of receiver extended (24.2.2003) by Proceeds of Crime Act 2002 (Enforcement in different parts of the United Kingdom) Order 2002 (S.I. 2002/3133), arts. 1, 4(1)(a)
If a receiver appointed under section 196, 198 or 200—
(a)takes action in relation to property which is not realisable property,
(b)would be entitled to take the action if it were realisable property, and
(c)believes on reasonable grounds that he is entitled to take the action,
he is not liable to any person in respect of any loss or damage resulting from the action, except so far as the loss or damage is caused by his negligence.