# The Banks and Building Societies (Depositor Preference and Priorities) Order 2014, Article 31: Housing (Scotland) Act 2010


(1) Section 80 of the Housing (Scotland) Act 2010 (proposals: formulation) is amended as follows.
(2) In subsection (5)—
(a) after paragraph (a) insert—
“(aa) secondary preferential debts being paid before ordinary preferential debts,”;
(b) in paragraph (b), after “proportions of” insert “ordinary”;
(c) at the end of paragraph (b), insert—
“or
(c) preferential creditors being paid different proportions of secondary preferential debts (except where affected preferential creditors agree to be paid a smaller proportion).”;
(d) after ““preferential debt”” insert “, ordinary preferential debt, secondary preferential debt”.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111123676/article/31 (the official version)
Page: https://openlegislation.uk/draft-banks-and-building-societies-depositor-preference-and-priorities-order-2014/article-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.