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Seized Property Management Act

Version of section 14 from 2005-11-25 to 2018-10-16:

Marginal note:If costs are greater than proceeds

 If the proceeds of disposition available to Her Majesty from the forfeiture of any property pursuant to subsection 462.37(1), (2) or (2.01) or 462.38(2), subparagraph 462.43(c)(iii) or subsection 490(9) of the Criminal Code or subsection 16(1) or 17(2) of the Controlled Drugs and Substances Act are insufficient to cover the outstanding amounts charged to the Working Capital Account pursuant to subsection 12(2), and any interest on it, in respect of the property, there shall be charged to the Proceeds Account and credited to the Working Capital Account, or to interest revenue, as the case may be, an amount equal to the amount of the shortfall.

  • 1993, c. 37, s. 14
  • 1996, c. 19, s. 92
  • 1997, c. 23, s. 25
  • 2005, c. 44, s. 16

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