These now form in Scotland a body incorporated by Royal Charter. Members of this body are frequently chosen as trustees in sequestrations. They are also frequently appointed judicial factors (receirers) ; and matters of accounting in suits, which in England would be investigated before a chief clerk in Chancery, are often referred to them for examination, and that they may make a report on them to the Court.

Source: Kinnear, Digest of House of Lords cases (1865), pg. 346