- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
4Unless the trust deed otherwise provides, Schedule 1 to this Act shall apply in relation to a trust deed as it applies in relation to a sequestration but subject to the following modifications—
(a)in paragraphs 1, 2 and 5 for the word "sequestration" wherever it occurs there shall be substituted the words " granting of the trust deed ";
(b)in paragraph 3—
(i)in sub-paragraph (2), for the words from the beginning of paragraph (a) to " or sheriff" there shall be substituted the words " the trustee "; and
(ii)in sub-paragraph (3), for the reference to the permanent trustee there shall be substituted a reference to the trustee;
(c)paragraph 4 shall be omitted ; and
(d)in paragraph 5(2) for the references to the permanent trustee there shall be substituted references to the trustee.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: