Source: http://www.legislation.gov.uk/ukpga/1995/43/schedule/2
Timestamp: 2019-08-21 10:47:07
Document Index: 780921281

Matched Legal Cases: ['art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 1', 'art. 1', 'art. 1', 'art. 2', 'art. 1']

There are currently no known outstanding effects for the Proceeds of Crime (Scotland) Act 1995, SCHEDULE 2.
2(1)Where a person who holds F10. . . forfeitable property is adjudged bankrupt—E+W+S
(2)Where a person has been adjudged bankrupt, the powers conferred on the court by sections 28 to 33 F11. . . of and the said Schedule 1 to this Act or on an administrator appointed under paragraph 1 of that Schedule shall not be exercised in relation to—
F10Words in Sch. 2 para. 2(1) repealed (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), ss. 456-458(1), Sch. 11 para. 28(4)(b), Sch. 12; S.S.I. 2003/210, art. 2, Sch. (subject to arts. 3-7)
F11Words in Sch. 2 para. 2(2) repealed (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), ss. 456-458(1), Sch. 11 para. 28(4)(b), Sch. 12; S.S.I. 2003/210, art. 2, Sch. (subject to arts. 3-7)
F12Sch. 2 para. 2(5) repealed (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), ss. 456-458(1), Sch. 11 para. 28(4)(b), Sch. 12; S.S.I. 2003/210, art. 2, Sch. (subject to arts. 3-7)
C2Sch. 2 para. 2(2)-(5) modified (S.) (1.4.1996) 1995 c. 40, ss. 4, 7(2), Sch. 3 Pt. II para. 15(5)
3(1)Where realisable or forfeitable property is held by a company and an order for the winding up of the company has been made or a resolution has been passed by the company for the voluntary winding up, the functions of the liquidator (or any provisional liquidator) shall not be exercisable in relation to—E+W+S
(2)Where, in the case of a company, such an order has been made or such a resolution has been passed, the powers conferred on the court by sections 28 to 33 F13. . . of and the said Schedule 1 to this Act or on an administrator appointed under paragraph 1 of that Schedule shall not be exercised in relation to any realisable or forfeitable property held by the company in relation to which the functions of the liquidator are exercisable—
F13Words in Sch. 2 para 3(2) repealed (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), ss. 456-458(1), Sch. 11 para. 28(4)(c), Sch. 12; S.S.I. 2003/210, art. 2, Sch. (subject to arts. 3-7)
F14Sch. 2 para. 3(4) repealed (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), ss. 456-458(1), Sch. 11 para. 28(4)(c), Sch. 12; S.S.I. 2003/210, art. 2, Sch. (subject to arts. 3-7)
F15Sch. 2 para. 3(5) repealed (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), ss. 456-458(1), Sch. 11 para. 28(4)(c), Sch. 12; S.S.I. 2003/210, art. 2, Sch. (subject to arts. 3-7)
C3Sch. 2 para. 3(2)-(6) modified (S.) (1.4.1996) by 1995 c. 40, ss. 4, 7(2), Sch. 3 Pt. II para. 15(6)
(2)Where, in the case of a company, such an appointment has been made, the powers conferred on the court by sections 28 to 33 F16. . . of and the said Schedule 1 to this Act or on an administrator appointed under paragraph 1 of that Schedule shall not be exercised in relation to any realisable property held by the company in relation to which the powers of the receiver are exercisable—
(3)Nothing in the M2Insolvency Act 1986, shall be taken as restricting, or enabling the restriction of, the exercise of the powers so conferred.
“floating charge” includes a floating charge within the meaning given by section 462 of the M3Companies Act 1985 (power of incorporated company to create floating charge).
F16Words in Sch. 2 para. 4(2) repealed (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), ss. 456-458(1), Sch. 11 para. 28(4)(d), Sch. 12; S.S.I. 2003/210, art. 2, Sch. (subject to arts. 3-7)
C4Sch. 2 para. 4(2)-(4) modified (S.) (1.4.1996) by 1995 c. 40, ss. 4, 7(2), Sch. 3 Pt. II para. 15(7)
5(1)Without prejudice to the generality of any enactment contained in the Insolvency Act 1986 or in the [F172016] Act, whereE+W+S
(3)In the foregoing provisions of this paragraph, the expression “acting as an insolvency practitioner” shall be construed in accordance with section 388 (interpretation) of the said Act of 1986 except that for the purposes of such construction F18... subsection (5) of that section shall be disregarded; and the expression shall also comprehend the official receiver acting as receiver or manager of the property.
F17Word in Sch. 2 para. 5(1) substituted (30.11.2016) by The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034), art. 1, Sch. 1 para. 14(2)(f)(i)
F18Words in Sch. 2 para. 5(3) omitted (30.11.2016) by virtue of The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034), art. 1, Sch. 1 para. 14(2)(f)(ii)
6(1)In this Schedule “the [F192016] Act” means the M4Bankruptcy (Scotland) Act [F192016] .E+W+S
(3)References in this Schedule to property held by a person include a reference to property vested in the [F21trustee (or interim trustee)] in his sequestration or in his trustee in bankruptcy or liquidation.
F19Word in Sch. 2 para. 6(1) substituted (30.11.2016) by The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034), art. 1, Sch. 1 para. 14(2)(g)(i)
F20Sch. 2 para. 6(2)(a) repealed (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), ss. 456-458(1), Sch. 11 para. 28(4)(e), Sch. 12; S.S.I. 2003/210, art. 2, Sch. (subject to arts. 3-7)
F21Words in Sch. 2 para. 6(3) substituted (30.11.2016) by The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034), art. 1, Sch. 1 para. 14(2)(g)(ii)