Judicial Factors (Scotland) Act 2025

Prospective

16IngatheringS

This section has no associated Explanatory Notes

(1)A judicial factor must ingather the factory estate.

(2)The judicial factor may take such action as is necessary to complete title to property vested in the judicial factor by virtue of section 9.

(3)The judicial factor must—

(a)on becoming aware that a person is a creditor or debtor of the factory estate, inform that person of the judicial factor’s appointment,

(b)ensure that financial assets forming part of the factory estate can be readily identified as being held by the judicial factor in the capacity of judicial factor.

Commencement Information

I1S. 16 not in force at Royal Assent, see s. 54(2)