SCHEDULES

SCHEDULE 1Scottish Conveyancing and Executry Services Board

Part IConstitution, Duties, Powers and Status

Performance of functions

11(1)Subject to the provisions of this Schedule, the Board may do anything—

(a)which they consider necessary or expedient for securing the discharge of their functions; or

(b)which is calculated to facilitate or is incidental or conducive to the discharge of their functions.

(2)Without prejudice to the generality of sub-paragraph (1) above, the Board shall have power—

(a)to enter into any contract or agreement, including any contract or agreement to acquire or dispose of land;

(b)to invest and borrow money;

(c)to charge such fees as they may determine in respect of the discharge of their functions; and

(d)to apply sums received by them in respect of fees towards repayment of any grant made to them by virtue of section 16(2) of this Act.