SCHEDULE 1MODIFICATIONS TO PROVISIONS OF THE 1985 ACT

Regulation 3

Formalities of Carrying on Business

36B8 (execution of documents by companies)

Floating charges and Receivers (Scotland)

462 (power of incorporated company to create floating charge)9

In subsection (1), for the words “an incorporated company (whether a company within the meaning of this Act or not),” substitute “a limited liability partnership”, and the words “(including uncalled capital)” are omitted.

463 (effect of floating charge on winding up)10

46611 (alteration of floating charges) Subsections (1), (2), (3) and (6)

486 (interpretation for Part XVIII generally)12

For the definition of “company” substitute

“company” means a limited liability partnership;

487 (extent of Part XVIII)