# The Local Authorities (Recognised Bodies for Heritable Securities Indemnities) (Scotland) Order 1987

S.I. 1987/1388 · made 30 July 1987

This Order designates 2 bodies and 3 classes or descriptions of bodies for the purposes of section 31 of the Tenants' Rights, Etc. (Scotland) Act 1980. The bodies designated and any bodies belonging to the classes or descriptions designated become recognised bodies for the purposes of that section. Section 31, as amended by section 9 of the Housing (Scotland) Act 1986 to include recognised bodies, provides that an islands or district council may, with the approval of the Secretary of State, enter into agreements with building societies and recognised bodies providing for indemnities where such societies and bodies grant loans secured by way of heritable securities.

Made under: Tenants’ Rights, Etc. (Scotland) Act 1980

PDFs: Printed copy https://openlegislation.uk/local-authorities-recognised-bodies-for-heritable-securities-indemnities-scotland-order-1987/pdf/uksi_19871388_en.pdf

## Introductory text

HOUSING, SCOTLAND
Made 30th July 1987
Coming into force 13th August 1987
The Secretary of State, in exercise of the powers conferred on him by section 31(5A) of the Tenants' Rights, Etc. (Scotland) Act 1980, and of all other powers enabling him in that behalf, and with the consent of Treasury, hereby makes the following Order:

## 1 

This Order may be cited as the Local Authorities (Recognised Bodies for Heritable Securities Indemnities) (Scotland) Order 1987 and shall come into force on 13th August 1987.

## 2 

The bodies set out in Schedule 1 to this Order are hereby designated for the purposes of section 31 of the Tenants' Rights, Etc. (Scotland) Act 1980.

## 3 

The classes or descriptions of bodies set out in Schedule 2 to this Order are hereby designated for the purposes of section 31 of the Tenants' Rights, Etc. (Scotland) Act 1980.

## Signature

James Douglas-Hamilton
Parliamentary Under Secretary of State,Scottish Office
New St. Andrew’s House,
Edinburgh
23rd July 1987
We consent,
Michael Neubert
Nigel Lawson
Two of The Lords Commissioners of Her Majesty’s Treasury
30th July 1987

## Schedule 1: BODIES DESIGNATED FOR THE PURPOSES OF SECTION 31 OF THE TENANTS' RIGHTS, ETC. (SCOTLAND) ACT 1980

## 1 

The Bank of England.

## 2 

The Post Office.

## Schedule 2: CLASSES OR DESCRIPTIONS OF BODIES DESIGNATED FOR THE PURPOSES OF SECTION 31 OF THE TENANTS' RIGHTS, ETC. (SCOTLAND) ACT 1980

## 1 

Insurance companies to which Part II of the Insurance Companies Act 1982 applies.

## 2 

Recognised banks and licensed institutions within the meaning of the Banking Act 1979 or authorised institutions under the Banking Act 1987.

## 3 

Friendly societies and branches thereof which are registered within the meaning of the Friendly Societies Act 1974.

## Explanatory note

(This note is not part of the Order)
This Order designates 2 bodies and 3 classes or descriptions of bodies for the purposes of section 31 of the Tenants' Rights, Etc. (Scotland) Act 1980. The bodies designated and any bodies belonging to the classes or descriptions designated become recognised bodies for the purposes of that section. Section 31, as amended by section 9 of the Housing (Scotland) Act 1986 to include recognised bodies, provides that an islands or district council may, with the approval of the Secretary of State, enter into agreements with building societies and recognised bodies providing for indemnities where such societies and bodies grant loans secured by way of heritable securities.

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Source: https://www.legislation.gov.uk/uksi/1987/1388 (the official version)
Page: https://openlegislation.uk/local-authorities-recognised-bodies-for-heritable-securities-indemnities-scotland-order-1987
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.