Moveable Transactions (Scotland) Act 2023 (asp 3)

Part 1 Assignation

Chapter 2 Register of Assignations

Effective registration

27 Effective registration of assignation document

(1) The registration of an assignation document is ineffective if—

(a) the entry made up for the assignation document in the assignations record—

(i) does not include a copy of the assignation document, or

(ii) is, at the time of registration, seriously misleading as a result of an inaccuracy or inaccuracies in it, or

(b) the assignation document is invalid.

(2) But subsection (1)(a)(ii) is subject to section 28(1)(c) and (d).

(3) Where the registration of an assignation document is ineffective by virtue of subsection (1), it becomes effective if and when the entry is corrected.