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4(1)The Conveyancing and Feudal Reform (Scotland) Act 1970 shall be amended in accordance with this paragraph.
(2)In section 9 (which introduces the standard security)—
(a)after subsection (2A) there shall be inserted—
“(2B)It shall not be competent to grant a standard security over a personal pre-emption burden or personal redemption burden (both within the meaning of Part 4 of the Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5).”; and
(b)in subsection (8)(b), for the definition of “interest in land” there shall be substituted—
““real right in land” means any such right, other than ownership or a real burden, which is capable of being held separately and to which a title may be recorded in the Register of Sasines;”.
(3)In section 19 (calling-up of standard security), in subsection (4), for the words “infeft in” there shall be substituted “having title to”.
(4)In section 19A(1) (notice to occupier of calling up), for the words “an interest” there shall be substituted “land or a real right”.
(5)In section 24(3) (application by creditor for remedies on default), for the words “an interest” there shall be substituted “land or a real right”.
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