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(1)Agreed proposals are binding on and accordingly must be implemented by—
(b)the registered social landlord,
(c)the registered social landlord’s creditors (both secured and unsecured), and
(d)any liquidator, administrative receiver, receiver or administrator appointed in respect of the registered social landlord or its land.
(2)The registered social landlord’s officers must co-operate in the implementation of agreed proposals.
But this subsection does not require or allow officers to do anything in breach of a fiduciary or other duty owed by them.
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Text created by the Scottish Executive department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills
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