Abolition of Poindings and Warrant Sales Act 2001
This Act of Scottish Parliament abolishes the process by which payment of a debt can be enforced by poinding or warrant sale. The Act ensures that any enactment or rule of law allowing such enforcement shall cease to have effect. Poinding (pronounced ‘pinding’) is a form of diligence enabling the attachment of a debtor’s moveable property by the creditor. A Warrant Sale is a form of diligence by which a debtor’s moveable property is sold to repay the debt. The warrant sale can only commence after poinding procedure has been carried out by an officer of court.