F1F1Part 3AArrestment and action of furthcoming
73GF1Arrestee's duty of disclosure
(1)
This section applies where a creditor arrests—
(a)
in pursuance of a warrant granted for diligence on the dependence of an action; or
(b)
in execution of a decree or document of debt.
(2)
The arrestee shall, before the expiry of the period mentioned in subsection (3) below, send to the creditor in (or as nearly as may be in) the form prescribed by the Scottish Ministers by regulations, the information mentioned in subsection (4) below.
(3)
The period referred to in subsection (2) above is the period of 3 weeks beginning with the day on which the arrestment is executed.
(4)
The information referred to in subsection (2) above is—
(a)
where any property, other than funds due to the debtor, is attached—
(i)
the nature of that property; and
(ii)
the value of it in so far as known to the arrestee; and
(b)
where any such funds are attached, the nature and value of those funds.
(5)
The arrestee shall, at the same time as sending, under subsection (2) above, the information to the creditor, send a copy of it to—
(a)
the debtor; and
(b)
in so far as known to the arrestee, any person—
(i)
who owns or claims to own attached property; or
(ii)
to whom attached funds are or are claimed to be due,
solely or in common with the debtor.