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Scottish National Investment Bank Act 2020

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Changes over time for: Section 24

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There are currently no known outstanding effects for the Scottish National Investment Bank Act 2020, Section 24. Help about Changes to Legislation

24Power to capitaliseS

This section has no associated Explanatory Notes

(1)The Scottish Ministers may capitalise the Bank in such manner, and to such extent, as they consider appropriate.

(2)For the purposes of subsection (1), capitalising the Bank means—

(a)taking and paying up shares in the Bank, and

(b)giving it loans.

(3)The Scottish Ministers may attach conditions (including conditions as to repayment or the payment of interest) in respect of any finance provided under this section.

Commencement Information

I1S. 24 in force at 16.9.2020 by S.S.I. 2020/272, reg. 2

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