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Charities and Trustee Investment (Scotland) Act 2005

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This is the original version (as it was originally enacted).

60Amalgamation: supplementary
This section has no associated Explanatory Notes

(1)If OSCR grants an application for amalgamation, it must—

(a)enter the new SCIO in the Register, and

(b)remove from the Register the entries for the old SCIOs.

(2)On the new SCIO being entered in the Register it becomes by virtue of this section a body corporate—

(a)whose constitution is that proposed in the application for amalgamation,

(b)whose name is that specified in the constitution, and

(c)whose first members are the members of the old SCIOs immediately before the new SCIO was entered in the Register.

(3)On the removal of the old SCIOs from the Register—

(a)all the property, rights and liabilities of each of the old SCIOs become by virtue of this subsection the property, rights and liabilities of the new SCIO, and

(b)each of the old SCIOs is dissolved.

(4)The entry for the new SCIO in the Register must include—

(a)a note stating that it is constituted as a SCIO,

(b)the date on which it became so constituted, and

(c)a note that it was constituted following amalgamation, and of the name of each of the old SCIOs.

(5)OSCR must send a copy of the entry in the Register to the new SCIO at its principal office.

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