Source: http://www.legislation.gov.uk/asp/2010/17/section/80
Timestamp: 2019-11-21 07:21:40
Document Index: 750433115

Matched Legal Cases: ['art. 1', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 2']

There are currently no known outstanding effects for the Housing (Scotland) Act 2010, Section 80.
80Proposals: formulationS
(1)The Regulator may, during a moratorium, make proposals about the future ownership and management of the registered social landlord's land with a view to ensuring that land is managed properly in the future by a registered social landlord.
(d)where the registered social landlord is a registered society, the [F1Financial Conduct Authority], and
[F2(aa)secondary preferential debts being paid before ordinary preferential debts,]
(b)preferential creditors being paid different proportions of [F3ordinary] preferential debts (except where affected preferential creditors agree to be paid a smaller proportion)F4...
[F5(c)preferential creditors being paid different proportions of secondary preferential debts (except where affected preferential creditors agree to be paid a smaller proportion),][F6 or
(d)where the debtor is a relevant financial institution—
(i)secondary non-preferential debts being paid before ordinary non-preferential debts,
(ii)tertiary non-preferential debts being paid before secondary non-preferential debts, or
(iii)creditors being paid different proportions of secondary non-preferential debts (except where affected creditors agree to be paid a smaller proportion).]
“preferential debt[F7, ordinary preferential debt, secondary preferential debt]” and “preferential creditor” have the same meaning as in the Insolvency Act 1986 (c.45).
[F8(6)In this section—
“ordinary non-preferential debts” has the meaning given by section 129(1)(g) of the Bankruptcy (Scotland) Act 2016;
“secondary non-preferential debts” and “tertiary non-preferential debts” have the meanings given by section 129A of the Bankruptcy (Scotland) Act 2016.]
F1Words in s. 80(2)(d) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 11 para. 10(3)(4)(b) (with Sch. 12)
F2S. 80(5)(aa) inserted (1.1.2015) by The Banks and Building Societies (Depositor Preference and Priorities) Order 2014 (S.I. 2014/3486), arts. 1(2), 31(2)(a) (with art. 3)
F3Word in s. 80(5)(b) inserted (1.1.2015) by The Banks and Building Societies (Depositor Preference and Priorities) Order 2014 (S.I. 2014/3486), arts. 1(2), 31(2)(b) (with art. 3)
F4Word in s. 80(5) omitted (19.12.2018) by virtue of The Banks and Building Societies (Priorities on Insolvency) Order 2018 (S.I. 2018/1244), arts. 1(2), 41(a)(i) (with art. 3)
F5S. 80(5)(c) and word inserted (1.1.2015) by The Banks and Building Societies (Depositor Preference and Priorities) Order 2014 (S.I. 2014/3486), arts. 1(2), 31(2)(c) (with art. 3)
F6S. 80(5)(d) and preceding word inserted (19.12.2018) by The Banks and Building Societies (Priorities on Insolvency) Order 2018 (S.I. 2018/1244), arts. 1(2), 41(a)(ii) (with art. 3)
F7Words in s. 80(5) inserted (1.1.2015) by The Banks and Building Societies (Depositor Preference and Priorities) Order 2014 (S.I. 2014/3486), arts. 1(2), 31(2)(d) (with art. 3)
F8S. 80(6) inserted (19.12.2018) by The Banks and Building Societies (Priorities on Insolvency) Order 2018 (S.I. 2018/1244), arts. 1(2), 41(b) (with art. 3)
I1S. 80 in force at 1.4.2012 by S.S.I. 2012/39, art. 2, Sch. 1 (with Sch. 2)