ACTIn ForceAct
Confiscation of Criminal Assets Act 2003
117Trust for sale of property
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117 Trust for sale of property
(1) If a relevant court makes an order for the sale of property under a trust
for sale, the court must appoint trustees for the sale.
(2) The trustees hold the property under a trust for sale to sell the property
and, after payment of the costs and expenses of the sale and of any
outgoings in relation to the property, to pay the proceeds of the sale
and any income from the property to the court.
(3) The property vests in the trustees on their appointment.
(4) The property vests in the trustees subject to any registered property
interests that apply to all of the property, other than an undivided
share of the property.