Bankruptcy and Diligence etc. (Scotland) Act 2007

This section has no associated Explanatory Notes

16(1)Section 18 (interim preservation of estate) is amended as follows.S

(2)In subsection (1), after “may” insert “ , in pursuance of the function conferred on him by section 2(6A) of this Act, ”.

(3)In subsection (2)—

(a)for “functions” substitute “ function ”; and

(b)for “2(4)(a)” substitute “ 2(6A) ”.

(4)After subsection (2) insert—

(2A)Section 43 of this Act applies to an interim trustee as it applies to a trustee..

(5)In subsection (3)—

(a)for “court” substitute “ sheriff ”; and

(b)in paragraph (c), for “it” substitute “ he ”.

(6)In subsection (4)—

(a)for “court”, in both places where it occurs, substitute “ sheriff ”; and

(b)for “it”, in both places where it occurs, substitute “ he ”.

(7)The italic cross-heading preceding that section becomes “ Initial stages of sequestration ”.