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SCHEDULE 8INSOLVENCY ETC. OF REGISTERED SOCIAL LANDLORDS

Appointment of manager to implement agreed proposals

8(1)Where the proposals agreed as mentioned in paragraph 7 so provide, the Scottish Ministers may appoint a manager to implement the proposals or such of them as they may specify.

(2)Where proposals make provision for the appointment of a manager, they must also provide for the payment of the manager’s reasonable remuneration and expenses.

(3)The Scottish Ministers may give the manager directions in relation to the carrying out of the manager’s functions; and the manager must comply with any such direction.

(4)The manager may apply to the Court of Session for directions in relation to any particular matter arising in connection with the carrying out of the manager’s functions; and a direction of the Court of Session supersedes any direction of the Scottish Ministers in relation to the same matter.

(5)If a vacancy occurs by death, resignation or otherwise in the office of manager, the Scottish Ministers may fill the vacancy.