33 Limitations on vesting.S
(1)The following property of the debtor shall not vest in the permanent trustee—
(a)property exempted from poinding for the purpose of protecting the debtor and his family;
(b)property held on trust by the debtor for any other person.
(2)The vesting of a debtor’s estate in a permanent trustee shall not affect the right of hypothec of a landlord.
(3)Sections 31 and 32 of this Act are without prejudice to the right of any secured creditor which is preferable to the rights of the permanent trustee.
Modifications etc. (not altering text)
C1S. 33(1)(a) continued (31.12.2002 or such earlier date as the Scottish Ministers may appoint) by 2001 asp 1, ss. 2(1)(a), 4(1) (with s. 2) (which amending Act was repealed (30.12.2002) by Debt Arrangement and Attachment (Scotland) Act 2002 (asp 17), s. 61, Sch. 3 Pt. 1 para. 27 (with s. 63))