Scottish Crown Estate Act 2019 (asp 1)

Part 3 S Management of Scottish Crown Estate assets

Managers' powers and duties S

18 Investment of money S

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

I1 S. 18 in force at 1.4.2020 by S.S.I. 2020/77, reg. 2(1), sch. 1