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Solicitors (Scotland) Act 1980

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This is the original version (as it was originally enacted).

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10The Society may—

(a)purchase or otherwise acquire land for any of the purposes of this Act;

(b)sell, lease or otherwise dispose of land so acquired ;

(c)borrow for any of the purposes of this Act in such manner and on such security as they may determine ;

(d)invest any monies not immediately required to meet expenses and other outlays of the Society in any investment in which trustees in Scotland are by law authorised to invest (but nothing in this sub-paragraph prevents the investment of any monies forming any part of any property held in trust for a special purpose in any class of investment authorised by the deed constituting the trust) ;

(e)accept any gift of property for the purposes of the Society ;

(f)accept, hold and administer any gift of property or hold as trustees any property for any purpose which the Society consider to be for the benefit of solicitors in Scotland or their dependants or employees or any substantial body of such solicitors or dependants or employees ; and

(g)subject to the provisions of this Act exercise the functions formerly exercised by the General Council of Solicitors in Scotland.

11The Council may—

(a)act for and in the name of the Society in any matter other than a matter which in accordance with the provisions of this Schedule is to be determined by the Society in general meeting;

(b)without prejudice to any other powers they may have, take into consideration and make recommendations or representations with regard to any matters which are in their opinion of importance to solicitors in Scotland.

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