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Scottish Crown Estate Act 2019

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Changes over time for: Section 18

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Point in time view as at 01/04/2020.

Changes to legislation:

There are currently no known outstanding effects for the Scottish Crown Estate Act 2019, Section 18. Help about Changes to Legislation

18Investment of moneyS

This section has no associated Explanatory Notes

A manager may invest a sum of money—

(a)from the manager's capital account only if it is invested—

(i)in the name of the manager, in a heritable security in Scotland or in a security over land in the rest of the United Kingdom,

(ii)in the name of the manager, in an interest-bearing account,

(iii)in an investment of such other description as the Scottish Ministers may specify in a direction under section 37(1),

(b)from the manager's income account only if it is invested in the name of the manager in an interest-bearing account.

Commencement Information

I1S. 18 in force at 1.4.2020 by S.S.I. 2020/77, reg. 2(1), sch. 1

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