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Article 9 Procedure in fixing caution

Original text. Later amendments are not shown.

(1)

The Accountant shall forthwith, on receiving intimation of an application for the appointment of a factor, fix the caution to be found in the event of appointment being made and shall notify the amount to the sheriff clerk and the applicant.

(2)

During the subsistence of a judicial factory, the Accountant may, at any time—

(a)

require the factor to increase the amount of or find new or additional caution; or

(b)

authorise the factor to decrease the amount of existing caution.