Page 695 - IOM Law Society Rules Book

c.13 Proceeds of Crime Act 2008 317

Receivers: further provisions

111. If a receiver appointed under section 103 or 105 — Protection
of receivers
(a) takes action in relation to property which is not P2002/29/61
realisable property;

(b) would be entitled to take the action if it were realisable
property; and

(c) believes on reasonable grounds that the receiver is
entitled to take the action,

the receiver 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 the receiver’s negligence.

112. (1) This section applies to a receiver appointed under Further
section 103 or 105. applications

P2002/29/62
(2) The receiver may apply to the Court of General Gaol
Delivery for an order giving directions as to the exercise of the
receiver’s powers.

(3) The following persons may apply to the Court of
General Gaol Delivery —

(a) any person affected by action taken by the receiver;

(b) any person who may be affected by action the receiver
proposes to take.

(4) On an application under this section the court may make
such order as it believes is appropriate.

113. (1) The following persons may apply to the Court of Discharge
General Gaol Delivery to vary or discharge an order made under and variation
any of sections 103 to 106 — P2002/29/63

(a) the receiver;

(b) the person who applied for the order;

(c) any person affected by the order.

(2) On an application under this section the court —

(a) may discharge the order;

(b) may vary the order.