Housing (Scotland) Act 2010U.K.
This section has no associated Explanatory Memorandum
31.—(1) Section 80 of the Housing (Scotland) Act 2010 (proposals: formulation)(1) is amended as follows.
(2) In subsection (5)—
(a)after paragraph (a) insert—
“(aa)secondary preferential debts being paid before ordinary preferential debts,”;
(b)in paragraph (b), after “proportions of” insert “ordinary”;
(c)at the end of paragraph (b), insert—
“or
(c)preferential creditors being paid different proportions of secondary preferential debts (except where affected preferential creditors agree to be paid a smaller proportion).”;
(d)after ““preferential debt”” insert “, ordinary preferential debt, secondary preferential debt”.
Commencement Information
I1Art. 31 in force at 1.1.2015, see art. 1(2)
(1)