Section 229(2)

The property found under this subsection is as follows— if the recipient holds the property given, the property found under this subsection is that property; if the recipient holds no part of the property given, the property found under this subsection is any property which directly or indirectly represents it in his hands; if the recipient holds part of the property given, the property found under this subsection is that part and any property which directly or indirectly represents the other part in his hands.

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Source: legislation.gov.uk · retrieved 2026-09-04