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(1)Section 11 of the Land Tenure Reform (Scotland) Act 1974 (c. 38) (right to redeem heritable security after 20 years where security subjects used as a private dwelling) is amended as follows.
(2)In subsection (3A)(b)—
(a)the word “or” immediately following sub-paragraph (ii) is repealed, and
(b)after sub-paragraph (iii), add “; or
(iv)a body prescribed, or of a type prescribed, by the Scottish Ministers by order made by statutory instrument.”.
(3)After subsection (3A), insert—
“(3B)An order under subsection (3A)(b)(iv) may—
(a)prescribe a body or type of body subject to conditions or restrictions,
(b)prescribe conditions which a body or type of body must meet for the purposes of subsection (3A),
(c)restrict the application of subsection (3A) to specified heritable securities, or heritable securities of specified descriptions,
(d)prescribe circumstances in which subsection (3A) is to apply or cease to apply in relation to a body or type of body or any heritable security.
(3C)A statutory instrument containing an order under subsection (3A)(b)(iv) is subject to annulment in pursuance of a resolution of the Scottish Parliament.”.
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