Judicial Factors Act 1849

1. Introductory TextNext Match

2. [1.]. Interpretation of terms in this Act.Previous MatchNext Match

3. 2. Judicial factor to find caution for duly performing his duties.Previous MatchNext Match

4. 3. Judicial factor to lodge with the accountant a distinct rental of lands committed to his management, a list of funds, and an inventory of moveables, etc.Previous MatchNext Match

5. 4. Factor to close his accounts once a year, and lodge the same with accountant.Previous MatchNext Match

6. 5. Factor to lodge monies in one of the banks of Scotland. Previous MatchNext Match

7. 6. Penalties on factor for misconduct. Previous MatchNext Match

8. 7. Factor may apply for special powers.Previous MatchNext Match

9. 8. Before special powers, &c. are granted, court to order intimation, &c.Previous MatchNext Match

10. 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

11. 10. General nature of accountant’s duty;Previous MatchNext Match

12. 11. to assign a day for closing first account;Previous MatchNext Match

13. 12. to adjust the rental, list, and inventory;Previous MatchNext Match

14. 13. and to audit the accounts.Previous MatchNext Match

15. 14. Rules of exact diligence may be dispensed with.Previous MatchNext Match

16. 15. Accountant’s report conclusive against factor, if not objected to, and if objections, how to be disposed of.Previous MatchNext Match

17. 16. Cautioner may be heard before the accountant.Previous MatchNext Match

18. 17. Parties interested may, upon cause shown, open up audit of accounts.Previous MatchNext Match

19. 18. Accountant to make an annual report of all judicial factories, which shall be printed.Previous MatchNext Match

20. 19. Accountant to make requisitions and orders on the factor;Previous MatchNext Match

21. 20. and to report to the lord ordinary or the court the factor’s failure in duty.Previous MatchNext Match

22. 21. When malversation suspected, a case to be submitted to Her Majesty’s Advocate.Previous MatchNext Match

23. 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

24. 23. Provision as to past factories informally settled or desperate. Previous MatchNext Match

25. 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

26. 25. Act made applicable to tutors of law, tutor’s-dative, and curators to insane persons.Previous MatchNext Match

27. 26. Bonds of caution for tutors and curators. Previous MatchNext Match

28. 27. Amount of caution for factors, &c. limited, and bonds of caution, &c. taken.Previous MatchNext Match

29. 28. Certified copy of letters of tutory or curatory to form the basis of a summary process. Previous MatchNext Match

30. 29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

31. 30. Rental, list, and inventory, to be equivalent to tutorial or curatorial inventory Scots Act 1672 c. 2.Previous MatchNext Match

32. 31. Resignation, &c. of tutors and curators.Previous MatchNext Match

33. 32. Remuneration and responsibility of factors, &c. not altered.Previous MatchNext Match

34. 33. Accountant may require information from banks.Previous MatchNext Match

35. 34. Discharge of factors, tutors, and curators.Previous MatchNext Match

36. 34A. Further provision as to discharge of factors, tutors and curators.Previous MatchNext Match

37. 35. Accountant to be custodier of bank receipts.Previous MatchNext Match

38. 36. Records in the accountant’s office to be open for inspection.Previous MatchNext Match

39. 37. Banks to accumulate principal and interest on accounts and deposits.Previous MatchNext Match

40. 38. Provision for accountant’s illness or temporary absence.Previous MatchNext Match

41. 39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

42. 40. Power to pass acts of sederunt.Previous MatchNext Match

43. 41. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match