{
  "url": "https://openlegislation.uk/bankruptcy-and-diligence-etc-scotland-act-2007/section-47",
  "json_url": "https://openlegislation.uk/bankruptcy-and-diligence-etc-scotland-act-2007/section-47.json",
  "legislation": "asp/2007/3",
  "legislation_title": "Bankruptcy and Diligence etc. (Scotland) Act 2007",
  "legislation_url": "https://openlegislation.uk/bankruptcy-and-diligence-etc-scotland-act-2007",
  "path": "section/47",
  "kind": "section",
  "number": "47",
  "heading": "Interpretation",
  "text": "In this Part—\n“ central institution ” means—\n(a)the Bank of England,\n(b)the central bank of a country or territory outside the United Kingdom, or\n(c)the European Central Bank;\n“company” means an incorporated company (whether or not a company as defined in section 1(1) of the Companies Act 2006);\n“fixed security”, in relation to any property of a company, means any security (other than a floating charge or a charge having the character of a floating charge) which on the winding up of the company in Scotland would be treated as an effective security over that property including, in particular, a heritable security (within the meaning of section 9(8) of the Conveyancing and Feudal Reform (Scotland) Act 1970 (c. 35)).",
  "extent": "S",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 47: definition of \"central institution\" inserted (21.2.2009) by Banking Act 2009 (c. 1), ss. 253(7), 263(1)(2) (with s. 247); S.I. 2009/296, art. 3, Sch. para. 11"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 47: words in definition of \"company\" substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 2(1), Sch. 1 para. 267 (with art. 10)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/asp/2007/3/section/47",
    "retrieved_at": "2026-10-29T20:16:03.393234+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}