http://www.legislation.gov.uk/asp/2007/3/part/1/crossheading/vesting-of-estate-and-dealings-of-debtor/2010-07-01Bankruptcy and Diligence etc. (Scotland) Act 2007An Act of the Scottish Parliament to amend the law of sequestration and personal insolvency; to amend the law about floating charges; to establish a Scottish Civil Enforcement Commission and replace officers of court with judicial officers; to amend the law of diligence; and for connected purposes.texttext/xmlenStatute Law Database2024-01-30Expert Participation2010-07-01 Part 1 Bankruptcy<Emphasis>Vesting of estate and dealings of debtor</Emphasis>Vesting of estate and dealings of debtor171In section 31 of the 1985 Act (vesting of estate in trustee at date of sequestration)—aafter subsection (1) insert—1AIt shall not be competent for—athe trustee; orbany person deriving title from the trustee,to complete title to any heritable estate in Scotland vested in the trustee by virtue of his appointment before the expiry of the period mentioned in subsection (1B) below.1BThat period is the period of 28 days (or such other period as may be prescribed) beginning with the day on which—athe certified copy of the order of the sheriff granting warrant is recorded under subsection (1)(a) of section 14 of this Act; orbthe certified copy of the determination of the Accountant in Bankruptcy awarding sequestration is recorded under subsection (1A) of that section,in the register of inhibitions.; andbin subsection (8), after paragraph (a) insert—aaany property of the debtor, title to which has not been completed by another person deriving right from the debtor;.2In section 32 (vesting of estate, and dealings of debtor, after sequestration)—ain subsection (8) (dealings with debtor after sequestration to be of no effect), after “under” insert “ this section or ”;bin subsection (9) (circumstances where post-sequestration dealings with debtor remain valid), after paragraph (b)(iii) insert; or ivone which satisfies the conditions mentioned in subsection (9ZA) below,; andcafter that subsection insert—9ZAThe conditions are that —athe dealing constitutes—ithe transfer of incorporeal moveable property; oriithe creation, transfer, variation or extinguishing of a real right in heritable property,for which the person dealing with the debtor has given adequate consideration to the debtor, or is willing to give adequate consideration to the trustee;bthe dealing requires the delivery of a deed; andcthe delivery occurs during the period beginning with the date of sequestration and ending on the day which falls 7 days after the day on which—ithe certified copy of the order of the sheriff granting warrant is recorded under subsection (1)(a) of section 14 of this Act; oriithe certified copy of the determination of the Accountant in Bankruptcy awarding sequestration is recorded under subsection (1A) of that section,in the register of inhibitions..
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