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Housing (Scotland) Act 2010
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Changes to legislation:
Housing (Scotland) Act 2010, Section 106 is up to date with all changes known to be in force on or before 20 January 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Section 106:
- Pt. 5A inserted by 2025 asp 13 s. 63(2)
- s. 27(4) inserted by 2025 asp 13 s. 63(3)(b)
- s. 32(3) inserted by 2025 asp 13 s. 58(2)(b)
- s. 161(5)(6) inserted by 2025 asp 13 s. 63(6)(a)
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- Pt. 5A inserted by 2025 asp 13 s. 63(2)
- s. 27(4) inserted by 2025 asp 13 s. 63(3)(b)
- s. 32(3) inserted by 2025 asp 13 s. 58(2)(b)
- s. 161(5)(6) inserted by 2025 asp 13 s. 63(6)(a)
106Asset transfer on dissolution or winding upS
This
adran has no associated
Nodiadau Esboniadol
(1)This section applies to a registered social landlord—
(a)which is a registered society dissolved as mentioned in [F1section 119 or 123 of the Co-operative and Community Benefit Societies Act 2014], or
(b)which is a registered company wound up under the Insolvency Act 1986 (c.45).
(2)Any surplus assets available after the registered social landlord's liabilities have been discharged are to be transferred to such other registered social landlord as the Regulator directs.
(3)The Regulator must—
(a)before making a direction, consult the tenants of any houses to be included in the transfer, and
(b)when making a direction, have regard to any views expressed by those consulted by such time as the Regulator may specify.
(4)The Regulator may discharge any liability of the registered social landlord in order to ensure that assets which would otherwise need to be sold to discharge that liability are instead transferred under subsection (2).
(5)The Regulator may direct the transfer of assets from a registered social landlord which is a charity only if the recipient registered social landlord is a charity which the Regulator, after consulting the Office of the Scottish Charity Regulator, considers has the same or similar charitable purposes (within the meaning of section 7(2) of the Charities and Trustee Investment (Scotland) Act 2005 (asp 10)).
(6)The Regulator may direct the transfer of assets which the registered social landlord is under a duty to apply in accordance with section 19(1) of the Charities and Trustee Investment (Scotland) Act 2005 (asp 10) only if the Regulator—
(a)consults with the Office of the Scottish Charity Regulator, and
(b)after doing so, considers that the recipient registered social landlord will secure the proper application of those assets for the purposes which were set out in the transferor registered social landlord's entry in the Scottish Charity Register immediately before its removal from that register.
(7)This section has effect despite anything in—
[F2(a)the Co-operative and Community Benefit Societies Act 2014,]
(b)the Insolvency Act 1986 (c.45),
(c)the Companies Act 2006 (c.46), or
(d)the registered social landlord's constitution.
Textual Amendments
F1Words in s. 106(1)(a) substituted (8.3.2019) by Housing (Amendment) (Scotland) Act 2018 (asp 13), ss. 6(14)(a), 11(2); S.S.I. 2018/253, reg. 2(2)
F2S. 106(7)(a) substituted (8.3.2019) by Housing (Amendment) (Scotland) Act 2018 (asp 13), ss. 6(14)(b), 11(2); S.S.I. 2018/253, reg. 2(2)
Commencement Information
I1S. 106 in force at 1.4.2012 by S.S.I. 2012/39, art. 2, Sch. 1 (with Sch. 2)
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