Bankruptcy and Diligence etc. (Scotland) Act 2007

180Valuation of banking instruments

This section has no associated Explanatory Notes

(1)Where the judicial officer considers that a banking instrument attached in execution of a money attachment is such that it is appropriate for valuation of the price the instrument is likely to fetch on the open market to be carried out by a professional valuer or other suitably skilled person, the officer must arrange for such a valuation.

(2)The creditor is liable for the valuer’s reasonable remuneration and outlays incurred by virtue of subsection (1) above.