http://www.legislation.gov.uk/asp/2007/3/section/113Bankruptcy 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 Database2024-05-20Expert Participation2024-01-04 Part 4 Land attachment and residual attachmentChapter 2Attachment of land<Emphasis>The sale</Emphasis>Report of sale1131Where attached land is sold in execution of a warrant for sale, the appointed person must, before the expiry of the period of 28 days beginning with the day on which the sale price is paid, lodge with the sheriff clerk for the court which granted the warrant a report of the sale.2A report lodged under subsection (1) above must—abe in (or as nearly as may be in) the form prescribed by Act of Sederunt; andbcontain—ia description of the land (or part) sold and the sale price;iia description of any land which is unsold and the price at which it was last offered for sale (or, if offered for sale at auction, the reserve price);iiia statement of the expenses incurred by the creditor in executing the land attachment;iva statement of the amount due under any security or diligence ranking on the proceeds of sale prior to, or pari passu with, the land attachment;va statement of the amount due under any security or diligence ranking on the proceeds of sale after the land attachment;via note of the amount of any surplus of the sale proceeds payable to the debtor; andviia note of any balance of the debt due by the debtor to the creditor.3If the appointed person—awithout reasonable excuse makes a report of sale after the expiry of the period mentioned in subsection (1) above; orbwilfully refuses to make, or delays making, a report after the expiry of that period,the sheriff may make an order providing that the appointed person is not entitled to payment from the creditor of the reasonable remuneration and outlays incurred in executing the warrant for sale or so much of such remuneration and outlays as the sheriff specifies.S. 113 partly in force; s. 113 not in force at Royal Assent see s. 227; s. 113(2)(a) in force for certain purposes at 1.4.2008 by S.S.I. 2008/115, art. 3(4), Sch. 3 (with arts. 4-6, 10)
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<Emphasis>The sale</Emphasis>
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113
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<Text>Where attached land is sold in execution of a warrant for sale, the appointed person must, before the expiry of the period of 28 days beginning with the day on which the sale price is paid, lodge with the sheriff clerk for the court which granted the warrant a report of the sale.</Text>
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<Text>A report lodged under subsection (1) above must—</Text>
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<Text>be in (or as nearly as may be in) the form prescribed by Act of Sederunt; and</Text>
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<Text>contain—</Text>
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<Text>a description of the land (or part) sold and the sale price;</Text>
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a statement of the amount due under any security or diligence ranking on the proceeds of sale prior to, or
<Emphasis>pari passu</Emphasis>
with, the land attachment;
</Text>
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<Text>a statement of the amount due under any security or diligence ranking on the proceeds of sale after the land attachment;</Text>
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<Text>a note of the amount of any surplus of the sale proceeds payable to the debtor; and</Text>
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<Para>
<Text>
<CitationSubRef id="c00286" URI="http://www.legislation.gov.uk/id/asp/2007/3/section/113" SectionRef="section-113">S. 113</CitationSubRef>
partly in force;
<CitationSubRef id="c00287" URI="http://www.legislation.gov.uk/id/asp/2007/3/section/113" SectionRef="section-113">s. 113</CitationSubRef>
not in force at Royal Assent see
<CitationSubRef id="c00288" URI="http://www.legislation.gov.uk/id/asp/2007/3/section/227" SectionRef="section-227">s. 227</CitationSubRef>
;
<CitationSubRef id="c00289" URI="http://www.legislation.gov.uk/id/asp/2007/3/section/113/2/a" SectionRef="section-113-2-a">s. 113(2)(a)</CitationSubRef>
in force for certain purposes at 1.4.2008 by
<Citation URI="http://www.legislation.gov.uk/id/ssi/2008/115" id="c00290" Class="ScottishStatutoryInstrument" Year="2008" Number="115">S.S.I. 2008/115</Citation>
,
<CitationSubRef id="c00291" URI="http://www.legislation.gov.uk/id/ssi/2008/115/article/3/4" CitationRef="c00290" SectionRef="article-3-4" Operative="true">art. 3(4)</CitationSubRef>
,
<CitationSubRef id="c00292" URI="http://www.legislation.gov.uk/id/ssi/2008/115/schedule/3" CitationRef="c00290" SectionRef="schedule-3">Sch. 3</CitationSubRef>
(with
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,
<CitationSubRef id="c00294" URI="http://www.legislation.gov.uk/id/ssi/2008/115/article/10" CitationRef="c00290" SectionRef="article-10">10</CitationSubRef>
)
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