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Section 15 ValuationF1

Scotland

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

An officer may open shut and lockfast places for the purposes of executing an attachment.

(2)

When executing an attachment the officer shall, subject to subsection (3) below, value the articles being attached at the price which they are likely to fetch if sold on the open market.

(3)

Where the officer considers that an article is such that a valuation by a professional valuer or other suitably skilled person is appropriate, the officer shall arrange for such a valuation and a valuation so arranged shall proceed on the basis set out in subsection (2) above.

Annotations

Textual amendments

F1

S. 15 substituted (31.3.2007 for specified purposes) by Bankruptcy and Diligence etc. (Scotland) Act 2007 (asp 3), s. 227(3), Sch. 5 para. 30(6) (with s. 223); S.S.I. 2007/82, art. 4(e)(i)