OpenLegislation

Section 28 Separation of income and capitalI1

(1)

A manager must—

(a)

keep any money held by the manager which forms part of the Scottish Crown Estate in an income account and a capital account,

(b)

apportion that money as appropriate between those accounts, and

(c)

keep those accounts separate from any other accounts kept by the manager.

(2)

In this Act, references to—

(a)

an income account are references to an income account kept under subsection (1),

(b)

a capital account are references to a capital account kept under that subsection.

Annotations

Commencement

I1

S. 28 in force at 1.4.2020 by S.S.I. 2020/77, reg. 2(1), sch. 1