Scotland
In Scotland, Bona Vacantia deals with assets of dissolved companies, the assets of missing persons and lost or abandoned property; lost or abandoned property involves a statutory saving for the Crown in ss.67-79 of the Civic Government (Scotland) Act 1982. It is mostly controlled by Common Law with some statutes dealing with specific matters such as lost property; the concept also extends to such matters as Treasure Trove The separate doctrine of ultimus haeres states that the assets of those who die intestate leaving no other person entitled to inherit pass to the Crown. Both of these rights, together with treasure trove, are administered by the Queen's and Lord Treasurer's Remembrancer, an office held by the Crown Agent, the senior official in the Crown Office and Procurator Fiscal Service (COPFS). Bona Vacantia assets in Scotland are not aggregated with those from elsewhere in the United Kingdom, being paid directly into the Scottish Consolidated Fund.
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Famous quotes containing the word scotland:
“Four and twenty at her back
And they were a’ clad out in green;
Tho the King of Scotland had been there
The warst o’ them might hae been his Queen.
On we lap and awa we rade
Till we cam to yon bonny ha’
Whare the roof was o’ the beaten gold
And the floor was o’ the cristal a’.”
—Unknown. The Wee Wee Man (l. 21–28)
“A custom loathsome to the eye, hateful to the nose, harmful to the brain, dangerous to the lungs, and in the black, stinking fume thereof nearest resembling the horrible Stygian smoke of the pit that is bottomless.”
—James I of England, James VI of Scotland (1566–1625)
“The state of monarchy is the supremest thing upon earth: for kings are not only God’s Lieutenants upon earth, and sit upon God’s throne, but even by God himself they are called gods.”
—James I of England, James VI of Scotland (1566–1625)