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Debtors (Scotland) Act 1838
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- 1838 c. 114
- Section V
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VExecution to be registered; and to have the Effect of Denunciation, and to accumulate Interest.
And be it enacted, That it shall be competent at any Time within Year and Day after a Charge has expired to present such Extract and Execution of Charge to the Keeper of the General Register of Mornings at Edinburgh, and the Keeper shall thereupon record the Execution in that Register, and state therein the Name and Designation of the Person by whom the Extract and Execution were presented, and also the Date of Presentation ; which Registration shall have the same Effect as if the Debtor or Obligant had been denounced Rebel in virtue of Letters of Horning, and the said Letters, with the Executions of Charge and Denunciation, had been recorded according to the Forms now in use, and shall have the Effect to accumulate the Debt and Interest into a Capital Sum, whereon Interest shall thereafter become due.
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