(1)In section 31 of the M1 Bankruptcy (Scotland) Act 1985 (vesting of debtor’s estate at date of sequestration) in subsection (8) after the word “means” there shall be inserted the words “,subject to subsection (9) below,”.
(2)After the said subsection (8) there shall be added the following subsections—
“(9)Subject to subsection (10) below, the “whole estate of the debtor” does not include any interest of the debtor as tenant under any of the following tenancies—
(a)a tenancy which is an assured tenancy within the meaning of Part 11 of the Housing (Scotland) Act 1988, or
(b)a protected tenancy within the meaning of the Rent (Scotland) Act 1984 in respect of which, by virtue of any provision of Part VIII of that Act, no premium can lawfully be required as a condition of the assignation, or
(c)a secure tenancy within the meaning of Part 111 of the Housing (Scotland) Act 1987.
(10)On the date on which the permanent trustee serves notice to that effect on the debtor, the interest of the debtor as tenant under any of the tenancies referred to in subsection (9) above shall form part of his estate and vest in the permanent trustee as if it had vested in him under section 32(6) of this Act.”