Section 35 Special provision where buyer is general partner in limited partnershipI1

Where the person exercising a right to buy under section 28 is doing so by virtue of section 72(2)—

(a)

the valuer, in assessing the value of the land under subsection (2) of section 34, is to have regard to—

(i)

the fact that the buyer is a general partner of a limited partnership; and

(ii)

any provision of the partnership agreement entitling a limited partner to dissolve the partnership; and

(b)

paragraph (a)(ii) of that subsection is of no effect.

Annotations

C1: Pt. 2 applied (with modifications) (23.12.2004) by Agricultural Holdings (Right to Buy Modifications) (Scotland) Regulations 2004 (S.S.I. 2004/557), regs. 1, 4
C2: Pt. 2 modified (23.12.2004) by Agricultural Holdings (Right to Buy Modifications) (Scotland) Regulations 2004 (S.S.I. 2004/557), regs. 1, 3