F1Part 1Charities

Annotations:
Amendments (Textual)
F1

Pt. 1 Ch. 5A inserted (1.10.2010 for specified purposes, 1.11.2012 in so far as not already in force) by Public Services Reform (Scotland) Act 2010 (asp 8), ss. 125(1), 134(7); S.S.I. 2010/321, art. 3, Sch.; S.S.I. 2012/218, art. 2

Chapter 7Scottish charitable incorporated organisations

Conversion, amalgamation and transfer

I160Amalgamation: supplementary

1

If OSCR grants an application for amalgamation, it must—

a

enter the new SCIO in the Register, and

b

remove from the Register the entries for the old SCIOs.

2

On the new SCIO being entered in the Register it becomes by virtue of this section a body corporate—

a

whose constitution is that proposed in the application for amalgamation,

b

whose name is that specified in the constitution, and

c

whose first members are the members of the old SCIOs immediately before the new SCIO was entered in the Register.

3

On the removal of the old SCIOs from the Register—

a

all the property, rights and liabilities of each of the old SCIOs become by virtue of this subsection the property, rights and liabilities of the new SCIO, and

b

each of the old SCIOs is dissolved.

4

The entry for the new SCIO in the Register must include—

a

a note stating that it is constituted as a SCIO,

b

the date on which it became so constituted, and

c

a note that it was constituted following amalgamation, and of the name of each of the old SCIOs.

5

OSCR must send a copy of the entry in the Register to the new SCIO at its principal office.