Section 24 Entitlements and liabilities of judicial factorI1

Scotland Not yet in force

A judicial factor stands in place of the factory estate in any dealings with a third party and accordingly the judicial factor, in the judicial factor’s capacity as such—

(a)

is liable for any debt or obligation of the estate to the third party,

(b)

is entitled to—

(i)

receive any amount due to the estate by the third party,

(ii)

enforce any obligation due to the estate by the third party.

Annotations

Commencement

I1: S. 24 not in force at Royal Assent, see s. 54(2)