SCHEDULE 3THE DRUG TRAFFICKING ACT 1994 AS MODIFIED
Meaning of “property” and related expressions62
1
In this Act “property” includes money and all other property, real or personal, heritable or movable, including things in action and other intangible or incorporeal property.
2
This Act applies to property whether it is situated in England and Wales or elsewhere.
3
In this Act “interest”, in relation to property, includes right.
4
In this Act—
a
references to property held by a person include a reference to property vested in his trustee in bankruptcy, permanent or interim trustee within the meaning of the Bankruptcy (Scotland) Act 1985 or liquidator; and
b
references to an interest held by a person beneficially in property include a reference to an interest which would be held by him beneficially if the property were not so vested.
5
For the purposes of this Act—
a
property is held by any person if he holds any interest in it; and
b
property is transferred by one person to another if the first person transfers or grants to the other any interest in the property.