The Banks and Building Societies (Depositor Preference and Priorities) Order 2014, Section 31 is up to date with all changes known to be in force on or before 08 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
31.—(1) Section 80 of the Housing (Scotland) Act 2010 (proposals: formulation)(1) is amended as follows.
(2) In subsection (5)—
(a)after paragraph (a) insert—
“(aa)secondary preferential debts being paid before ordinary preferential debts,”;
(b)in paragraph (b), after “proportions of” insert “ordinary”;
(c)at the end of paragraph (b), insert—
“or
(c)preferential creditors being paid different proportions of secondary preferential debts (except where affected preferential creditors agree to be paid a smaller proportion).”;
(d)after ““preferential debt”” insert “, ordinary preferential debt, secondary preferential debt”.
Commencement Information
I1Art. 31 in force at 1.1.2015, see art. 1(2)
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