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

F1CHAPTER 3ARecovery of listed assets in summary proceedings

Seizure and detention

303NRelease of detained property

(1)

This section applies while any property is detained under section 303K or 303L.

(2)

A magistrates' court or (in Scotland) the sheriff may direct the release of the whole or any part of the property if the following condition is met.

(3)

The condition is that the court or sheriff is satisfied, on an application by the person from whom the property was seized, that the conditions in section 303K or 303L (as the case may be) for the detention of the property are no longer met in relation to the property to be released.

(4)

A relevant officer or (in Scotland) a procurator fiscal may, after notifying the magistrates' court, sheriff or justice under whose order property is being detained, release the whole or any part of it if satisfied that the detention of the property to be released is no longer justified.