Charities and Trustee Investment (Scotland) Act 2005 (asp 10)

F1 Part 1 S Charities

Textual Amendments

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 7 S Scottish charitable incorporated organisations

Nature and constitution S

49 Scottish charitable incorporated organisations S

(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.

Commencement Information

I1 S. 49 in force at 1.4.2011 by S.S.I. 2011/20, art. 2(3)(a)