PART 5Other Provision made under the European Communities Act 1972

CHAPTER 5Amendments to priority of debts in insolvency

Further Amendment of Insolvency Legislation

Housing (Scotland) Act 2010I1125

Section 80 of the Housing (Scotland) Act 2010 (proposals: formulation) M1 applies as if it were modified as follows—

a

in subsection (5)—

i

the “or” after paragraph (d)(ii) were omitted, and

ii

after paragraph (d)(iii), there were inserted—

or

iv

quaternary non-preferential debts being paid before tertiary non-preferential debts,

b

in subsection (6), for “and “tertiary non-preferential debts”” there were substituted “, “tertiary non-preferential debts” and “quaternary non-preferential debts””.