# The Local Authorities (Recognised Bodies for Heritable Securities Indemnities) (Scotland) Order 1987, Note: 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/note (the official version)
Page: https://openlegislation.uk/local-authorities-recognised-bodies-for-heritable-securities-indemnities-scotland-order-1987/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.