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Part VIS Reorganisation of Endowments

[F1108A] Courts’ power to give effect to reorganisation scheme on petition of Lord Advocate.S

Where the Lord Advocate is of opinion on any such ground as is specified in [F2section 108 of this Act] that a scheme should be [F3made] for the future government and management of any endowment F4, he may present a petition to the Court of Session for such a scheme, and on any such petition the Court shall have power to [F3make] a scheme for the future government and management of the endowment and for the application of the capital or income of the endowment to any purposes, as nearly as may be analogous to those contained in the governing instrument, as the Court shall think fit.

Textual Amendments

Modifications etc. (not altering text)

C1S. 108A: functions transferred (temp. 20.5.1999 to 1.7.1999) by S.I. 1999/901, arts. 1, 5, Sch.; S.I. 1998/3178, art. 3