(1) This section applies to personal property which is held by a person and which -
(a) has been seized by an appropriate officer under a relevant seizure power, or
(b) has been produced to an appropriate officer in compliance with a production order under section 345.
(2) [deleted]
(3) If -
(a) a confiscation order is made against the person by whom the property is held, and
(b) a receiver has not been appointed under section 50 in relation to the property,
a magistrates' court may by order authorise an appropriate officer to realise the property.
(4) In this section "appropriate officer" and "relevant seizure power" have the same meaning as in section 41A.