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Charities and Trustee Investment (Scotland) Act 2005
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Charities and Trustee Investment (Scotland) Act 2005, Section 55 is up to date with all changes known to be in force on or before 03 November 2024. 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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55Entry in RegisterS
This section has no associated Explanatory Notes
(1)If OSCR grants an application under section 54(1) it must enter the SCIO to which the application relates in the Register.
(2)On the entry in the Register being made in accordance with subsection (5), subsections (3) and (4) apply.
(3)The SCIO becomes by virtue of this subsection a body corporate—
(a)whose constitution is that proposed in the application,
(b)whose name is that specified in the constitution, and
(c)whose first members are the individuals who made the application.
(4)All property for the time being vested in those individuals (or any of them) on trust for the charitable purposes of the SCIO (when constituted) vests by virtue of this subsection in the SCIO.
(5)The entry for the SCIO in the Register must (in addition to the matters required by section 3(3)) include—
(a)the date when the entry was made, and
(b)a note stating that the charity is constituted as a SCIO.
(6)OSCR must send a copy of the entry in the Register to the SCIO at its principal office.
(7)If a SCIO ceases to be a charity, it ceases to be a SCIO.
Commencement Information
I1S. 55 in force at 1.4.2011 by S.S.I. 2011/20, art. 2(3)(e)
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