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PART VWinding Up.

(ii) WINDING UP BY THE COURT

Jurisdiction.

221Power in Scotland to remit winding up to Lord Ordinary.

The Court of Session may, by Act of Sederunt, make provision for the taking of proceedings in a winding up before one of the Lords Ordinary, and where provision is so made, the Lord Ordinary shall, for the purposes of a winding up, have all the powers and jurisdiction of the court:

Provided that the Lord Ordinary may report to the Inner House any matter which may arise in the course of a winding up.