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PART 1 SEstablishment of the Bank

CHAPTER 1SScottish Ministers' duty to establish the Bank

1Duty to establish the BankS

The Scottish Ministers must establish a public company limited by shares that—

(a)is named the Scottish National Investment Bank p.l.c.,

(b)has its registered office in Scotland,

(c)has the Scottish Ministers as its only member, and

(d)has articles of association framed in accordance with Chapter 2.

Commencement Information

I1S. 1 in force at 16.9.2020 by S.S.I. 2020/272, reg. 2