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(1)A registered social landlord has power to dispose of land, or to dispose of any other asset by granting security over it, but may do so only if—
(a)the Regulator consents to the disposal, or
(b)the Regulator’s consent is not required because of section 108.
(2)The Regulator may—
(a)give general consent to certain disposals, or
(b)give consent for particular purposes (for example, for particular registered social landlords, particular land or particular disposals).
(3)The Regulator’s consent may be conditional.
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Text created by the Scottish Government to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills.
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