Section 77: Short title and commencement
226.Subsection (2) identifies the provisions which will come into force on the appointed day for abolition. Except as provided in this subsection and in subsection (4), the Act comes into force on Royal Assent (see subsection (1)).
227.Subsection (3) provides that an amendment made to the Conveyancing and Feudal Reform (Scotland) Act 1970 is to have retrospective effect. The amendment is in response to the decision of the First Division of the Court of Session in Beneficial Bank plc v McConnachie and is to the effect that the security subjects in a standard security need to be described only in such a manner that they can be identified.
228.Subsection (4) provides that the relevant provisions in Part 4 of the Act relating to real burdens will come into force on a day prescribed by Scottish Ministers.