Part 2Security over Moveable Property
Chapter 1Pledge
Assignation, amendment, restriction or extinction of statutory pledge
59Restriction or discharge of statutory pledge
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 F1(but see also article 11 (restriction, discharge or extinction of unregistered statutory pledge over financial instrument) of the Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025 (S.I. 2025/275 (S. 1)))..