Act of Sederunt (Interest in Sheriff Court Decrees and Extracts) 1993

Made: 11th March 1993

Coming into force: 1st April 1993

The Lords of Council and Session, under and by virtue of the powers conferred on them by section 4 of the Administration of Justice (Scotland) Act 1972[^f00001] and of all other powers enabling them in that behalf, do hereby enact and declare:

Citation and commencement

1

• (1) This Act of Sederunt may be cited as the Act of Sederunt (Interest in Sheriff Court Decrees and Extracts) 1993 and shall come into force on 1st April 1993.

• (2) This Act of Sederunt shall be inserted in the Books of Sederunt.

Amendment of Sheriff Courts (Scotland) Extracts Act 1892

2

In relation to any decrees pronounced after the coming into force of this Act of Sederunt, section 9 of the Sheriff Courts (Scotland) Extracts Act 1892[^f00002] shall be amended so as to substitute, for the rate of interest specified in that section, the rate of eight per centum per annum.

Signed

J.A.D. Hope — Lord President, I.P.D. — 11th March 1993

Explanatory note

(This note is not part of the Act of Sederunt)

This Act of Sederunt amends section 9 of the Sheriff Courts (Scotland) Extracts Act 1892 by reducing the rate of interest in decrees pronounced after 1st April 1993 from fifteen per cent to eight per cent.

Footnotes

[^f00001]: 1972 c. 59.

[^f00002]: 1892 c. 17; relevant amending instruments are S.I. 1972/2020, 1975/948, 1983/409 and 1985/1179.