# Bankruptcy and Diligence etc. (Scotland) Act 2007, Section 47: Interpretation

Extent: S
Status: prospective

In this Part—
“ central institution ” means—
(a)the Bank of England,
(b)the central bank of a country or territory outside the United Kingdom, or
(c)the European Central Bank;
“company” means an incorporated company (whether or not a company as defined in section 1(1) of the Companies Act 2006);
“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)).

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Source: https://www.legislation.gov.uk/asp/2007/3/section/47 (the official version)
Page: https://openlegislation.uk/bankruptcy-and-diligence-etc-scotland-act-2007/section-47
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.