
Print Options
PrintThe Whole
Act
PrintThe Whole
Schedule
PrintThis
Cross Heading
only
Status:
This is the original version (as it was originally enacted). This item of legislation is currently only available in its original format.
Benefit to be inalienable
9(1)Subject to the provisions of this Act, every assignment of, or charge on, benefit, and every agreement to assign or charge benefit, shall be void, and, on the bankruptcy of a beneficiary, the benefit shall not pass to any trustee or other person acting on behalf of his creditors.
(2)In the application of this paragraph to Scotland—
(a)the reference to assignment of benefit shall be read as a reference to its assignation, " assign" being construed accordingly ;
(b)the reference to a beneficiary's bankruptcy shall be read as a reference to the sequestration of his estate or the appointment on his estate of a judicial factor under section 14 of the [1913 c. 20.] Bankruptcy (Scotland) Act 1913 or section 15 of the [1958 c. 28.] Solicitors (Scotland) Act 1958.
Back to top