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Section 24 Power to capitaliseI1

(1)

The Scottish Ministers may capitalise the Bank in such manner, and to such extent, as they consider appropriate.

(2)

For the purposes of subsection (1), capitalising the Bank means—

(a)

taking and paying up shares in the Bank, and

(b)

giving it loans.

(3)

The Scottish Ministers may attach conditions (including conditions as to repayment or the payment of interest) in respect of any finance provided under this section.

Annotations

Commencement

I1

S. 24 in force at 16.9.2020 by S.S.I. 2020/272, reg. 2