Section 129Part 2 — The Financial Reporting Authority
Granting interests
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Where a person grants an interest i n that person’s recoverable property, the question whether the interest is also recoverable is to be determined in the same manner as it is on any other disposal of recoverable property.
Pursuant to subsection (1), on a person ’ s granting an interest in the property (“ the property in question ”) —
where the property in question is property obtained through unlawful conduct, the interest is also to be treated as obtained through that conduct; and
where the property in question represents in the per son ’ s hands property obtained through unlawful conduct, the interest is also to be treated as representing in that person’s hands the property so obtained. Insolvency