Explanatory Notes

Bankruptcy and Diligence etc. (Scotland) Act 2007

2007 asp 3

15 January 2007

The Act

Commentary

Part 2 – Floating Charges
Registration and creation etc.
Section 47 – Interpretation

145.This section defines “company” in a way which includes an oversea company. It also defines “fixed security” in terms based on and to the same effect as the definition in section 486 of the Companies Act 1985.