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Housing (Scotland) Act 2010
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87Manager of registered society: extra powersS
This section has no associated Explanatory Notes
(1)This section applies where a manager is appointed to implement proposals relating to a registered social landlord which is a registered society.
(2)The manager may make and execute, on behalf of the society—
(a)an instrument providing for the amalgamation of the society with another registered society (“amalgamation instrument”), or
(b)an instrument transferring the society's engagements.
(3)An amalgamation instrument executed by a manager has the same effect as a resolution by the society under [F1section 109 of the Co-operative and Community Benefit Societies Act 2014] (amalgamation of societies by special resolution).
(4)An instrument transferring the engagements has the same effect as a transfer of engagements under [F2section 110 or 112 of the Co-operative and Community Benefit Societies Act 2014].
(5)The manager must send a copy of the instrument (signed by the manager) to the [F3Financial Conduct Authority].
(6)The copy instrument must be registered by that Authority and the instrument does not take effect until the copy is so registered.
(7)A copy instrument must be sent for registration within 14 days of execution (but a copy registered after that period is valid).
Textual Amendments
F1Words in s. 87(3) substituted (8.3.2019) by Housing (Amendment) (Scotland) Act 2018 (asp 13), ss. 1(5)(a), 11(2); S.S.I. 2018/253, reg. 2(2)
F2Words in s. 87(4) substituted (8.3.2019) by Housing (Amendment) (Scotland) Act 2018 (asp 13), ss. 1(5)(b), 11(2); S.S.I. 2018/253, reg. 2(2)
F3Words in s. 87(5) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 11 para. 10(3)(4)(d) (with Sch. 12)
Commencement Information
I1S. 87 in force at 1.4.2012 by S.S.I. 2012/39, art. 2, Sch. 1 (with Sch. 2)
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