Relevant persons
I17Scottish trusts
1
A trustee of a Scottish trust is, in respect of a liability of that trustee that falls to be met out of the trust estate, a relevant person if—
a
b
a protected trust deed within the meaning of that Act is in force in respect of the trust estate, F3...
F3c
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Where an award of sequestration made F4by virtue of section 6 of the Bankruptcy (Scotland) Act 2016 is recalled or reduced any rights which were transferred under section 1 as a result of that award are re-transferred to and vest in the person who became a relevant person as a result of the award.
F53
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
In this section “Scottish trust” means a trust the estate of which may be sequestrated F6by virtue of section 6 of the Bankruptcy (Scotland) Act 2016.