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(1) The District Court or Circuit Court may at the request of the Minister, grant a management order of seized property and

(a) appoint a person to take control of and manage or otherwise deal with the whole or a part of the property in accordance with the directions of the District Court or Circuit Court;

(b) require a person in possession of the property to give possession of the property to the person appointed under paragraph (a).

(2) The power to manage or otherwise deal with property under this section includes the power to sell the property if the property is of rapidly depreciating value.

(3) A management order shall cease to have effect when the property is returned to an applicant in accordance with this Act or forfeited to the Republic.