Section 105Part 2 — The Financial Reporting Authority
Applying realised proceeds
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This section applies to —
sums which represent the realised proceeds of property which was vested in the trustee for civil recovery by a recovery order or which that person obtained in pursuance of a recovery order; and
sums vested in the trustee by a recovery order or obtained by that person in pursuance of a recovery order.
The trustee shall, out of the sums referred to under subsection (1) —
firstly, make any payment required to be made by that person by virtue of section 100 ; and
secondly, pay any expenses incurred by a perso n acting as an insolvency practitioner which are payable in accordance with this Act , and any sum which remains shall be paid to the Accountant General for the revenue of the Islands.
This section applies to property vested in the trustee for civil rec overy, or money paid to that person , in pursuance of the agreement as it applies to property vested in that person by a recovery order or money paid under section 100 . Exemptions, etc.