- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
(1)It is the general function of a judicial factor to hold, manage, administer and protect the factory estate for the benefit of persons with an interest in the estate.
(2)The general function is subject to—
(a)any variation—
(i)set out in the appointing interlocutor by virtue of section 14(1),
(ii)made by the court by virtue of section 14(2),
(b)any provision in any other enactment by virtue of which functions are imposed on or withheld from the judicial factor.
(3)In exercising the general function and the factory functions a judicial factor must—
(a)exercise care, prudence and diligence,
(b)take professional advice when appropriate.
(4)In complying with subsection (3)(b), the judicial factor may consult the Accountant as to whether it is appropriate to take professional advice in a particular case.
(5)The judicial factor must not delegate the general function or any factory function except and to the extent—
(a)authorised by the Accountant,
(b)specified in the appointing interlocutor,
(c)permitted under this Act or any other enactment.
(6)The standard powers vest in the judicial factor—
(a)on the appointment date, or
(b)where the court has imposed a requirement to find caution, on the date on which the Accountant confirms to the court and the judicial factor in writing that the requirement has been satisfied.
(7)In this section, “the factory functions” means—
(a)subject to any variation made by the court by virtue of section 14(1)(a) or (2)(a), or any provision in any other enactment by virtue of which functions are imposed on or withheld from the judicial factor—
(i)the standard powers,
(ii)the functions set out in sections 15 to 22,
(b)any function conferred by the court by virtue of section 14(1)(b) or (2)(b).
(8)In this section and in section 14, “the standard powers”—
(a)means all of the powers of a natural person beneficially entitled to the estate,
(b)includes, in particular, the power to take any or all of the measures listed in schedule 1.
Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Text created by the Scottish Government to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills.
Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:
Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:
liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys