Moveable Transactions (Scotland) Act 2023 (asp 3)

Valid from 01/04/2025

Part 2 S Security over Moveable Property

Chapter 1 S Pledge

Assignation, amendment, restriction or extinction of statutory pledge S

59 Restriction or discharge of statutory pledge S

A statutory pledge may be—

(a) restricted to only part of the encumbered property, or

(b) discharged,

by means of a written statement by the secured creditor.

Commencement Information

I1 S. 59 not in force at Royal Assent, see s. 121(2)