SCHEDULE 2 Powers of a Scottish Receiver (Additional to Those Conferred on him by the Instrument of Charge)

SCHEDULE 2 Powers of a Scottish Receiver (Additional to Those Conferred on him by the Instrument of Charge)

Section 55

1

Power to take possession of, collect and get in the property from the company or a liquidator thereof or any other person, and for that purpose, to take such proceedings as may seem to him expedient.

2

Power to sell, . . . hire out or otherwise dispose of the property by public roup or private bargain and with or without advertisement.

3

Power to raise or borrow money and grant security therefor over the property.

4

Power to appoint a solicitor or accountant or other professionally qualified person to assist him in the performance of his functions.

5

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