Chwilio Deddfwriaeth

Chwiliad Uwch

Bankruptcy (Scotland) Act 1985

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Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

24Election of permanent trustee

(1)Where subsection (4) of section 23 of this Act is not applicable, the creditors shall, at the conclusion of the proceedings under subsection (3) of that section, proceed at the statutory meeting to the election of the permanent trustee.

(2)None of the following persons shall be eligible for election as permanent trustee, nor shall anyone who becomes such a person after having been elected as permanent trustee be qualified to continue to act as permanent trustee—

(a)the debtor;

(b)a person who is not qualified to act as an insolvency practitioner or who, though qualified to act as an insolvency practitioner, is not qualified to act as such in relation to the debtor;

(c)a person who holds an interest opposed to the general interests of the creditors ;

(d)a person who resides outwith the jurisdiction of the Court of Session.

(3)The following persons shall not be entitled to vote in the election of the permanent trustee—

(a)anyone acquiring a debt due by the debtor, otherwise than by succession, after the date of sequestration ;

(b)any creditor to the extent that his debt is a postponed debt.

(4)If no creditor entitled to vote in the election of the permanent trustee attends the statutory meeting or if no permanent trustee is elected, the interim trustee shall forthwith—

(a)so notify the Accountant in Bankruptcy ; and

(b)report the proceedings at the statutory meeting to the sheriff, who shall thereupon appoint the interim trustee as the permanent trustee.

(5)Where subsection (4) above applies, the provisions of this Act shall have effect as regards the sequestration subject to such modifications, and with such further provisions, as are set out in Schedule 2 to this Act.

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