# Bankruptcy and Diligence etc. (Scotland) Act 2007, Section 188: Redemption of banking instrument

Extent: S

(1) The debtor may, before the expiry of the period of 14 days beginning with the date on which the report of money attachment is made, redeem a banking instrument attached by the money attachment.
(2) The debtor may not redeem an instrument in relation to which an order under section 181(3) of this Act has been made.
(3) The amount for which such an instrument may be redeemed is the value of the instrument specified in the report of money attachment.
(4) The officer of court must, on receiving payment from the debtor for the redemption of an attached instrument—
(a) grant a receipt in (or as nearly as may be in) the form prescribed by Act of Sederunt to the debtor; and
(b) report the redemption to the sheriff as soon as is reasonably practicable.
(5) The money attachment ceases, on the grant of such a receipt, to have effect in relation to the redeemed instrument.

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Source: https://www.legislation.gov.uk/asp/2007/3/section/188 (the official version)
Page: https://openlegislation.uk/bankruptcy-and-diligence-etc-scotland-act-2007/section-188
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.