Section 49 Scottish charitable incorporated organisationsI1
(1)
A charity may be constituted as a Scottish charitable incorporated organisation (a “SCIO”).
(2)
A SCIO is a body corporate having—
(a)
a constitution,
(b)
a principal office in Scotland,
(c)
2 or more members.
(3)
Its membership may, but need not, consist of or include some or all of its charity trustees.
(4)
The members are not liable to contribute to the assets of the SCIO if it is wound up.
Annotations
Commencement
- I1
S. 49 in force at 1.4.2011 by S.S.I. 2011/20, art. 2(3)(a)
Notes on Part 1
Textual amendments
- F1
Pt. 1 Ch. 5A inserted (1.10.2010 for specified purposes, 1.11.2012 in so far as not already in force) by Public Services Reform (Scotland) Act 2010 (asp 8), ss. 125(1), 134(7); S.S.I. 2010/321, art. 3, Sch.; S.S.I. 2012/218, art. 2