Part 3Public service reform
Diligence
I122Bank arrestments: protected minimum balance
1
The Debtors (Scotland) Act 1987 is modified by subsection (2).
2
In section 73F (protection of minimum balance in certain bank accounts)—
a
in subsection (3), for “mentioned in subsection (4) below” substitute “of £1,000”
,
b
subsection (4) is repealed,
c
in subsection (6)—
i
the “and” at the end of paragraph (a)(ii) is repealed,
ii
after paragraph (a), insert—
aa
vary the protected minimum sum mentioned in subsection (3)(a), and
3
The modifications made by subsection (2) have no effect in relation to an arrestment executed before 1 November 2022.