Regulation 4 Contents of scheme

(1)

A scheme shall state, so far as known to the Lord Advocate,—

(a)

the name and address of the transferor body and of its trustees; and

(b)

the name and address of the transferee body and of its trustees.

(2)

A scheme shall contain a list and valuation of all the assets and liabilities of the transferor body, so far as known to the Lord Advocate.

(3)

A scheme shall provide for the transfer of the assets of the transferor body to the transferee body on a particular date.

(4)

The scheme shall state what provision is being made to meet the liabilities of the transferor body.

(5)

The scheme shall contain a statement—

(a)

of the reasons which led the Lord Advocate to prepare and present the scheme for the approval of the Court of Session;

(b)

that the Lord Advocate has complied with the procedures specified in regulation 3 above in the preparation of the scheme;

(c)

of any representations which may have been made in pursuance of regulation 3(2) or (3) above; and

(d)

of any observations by the Lord Advocate upon those representations.

(6)

There shall be appended to the scheme a copy of the written statement referred to in regulation 3(1)(b) above.