F1Part 1Charities

Annotations:
Amendments (Textual)
F1

Pt. 1 Ch. 5A inserted (1.10.2010 for specified purposes, 1.11.2012 in so far as not already in force) by Public Services Reform (Scotland) Act 2010 (asp 8), ss. 125(1), 134(7); S.S.I. 2010/321, art. 3, Sch.; S.S.I. 2012/218, art. 2

Chapter 7Scottish charitable incorporated organisations

Nature and constitution

I149Scottish charitable incorporated organisations

1

A charity may be constituted as a Scottish charitable incorporated organisation (a “SCIO”).

2

A SCIO is a body corporate having—

a

a constitution,

b

a principal office in Scotland,

c

2 or more members.

3

Its membership may, but need not, consist of or include some or all of its charity trustees.

4

The members are not liable to contribute to the assets of the SCIO if it is wound up.