Section 3 Interim judicial factorI1

Scotland Not yet in force

(1)

The court may appoint an interim judicial factor on an estate if it considers it necessary or expedient to do so, pending the determination of—

(a)

an application for appointment under section 1 (1), at its own instance or on the motion of the applicant,

(b)

a motion for appointment under section 1 (3)(a)(ii), at its own instance or on the motion of a party who is an interested person.

(2)

The provisions of this Act apply in relation to an interim judicial factor appointed under subsection (1) as they apply to a judicial factor, except and to the extent that—

(a)

the context requires otherwise,

(b)

the court, when appointing the interim judicial factor, specifies otherwise.

(3)

The Accountant must keep under review the progress of any interim judicial factory.

Annotations

Commencement

I1: S. 3 not in force at Royal Assent, see s. 54(2)