Search Legislation

Moveable Transactions (Scotland) Act 2023

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 64

 Help about opening options

Alternative versions:

Changes to legislation:

There are currently no known outstanding effects for the Moveable Transactions (Scotland) Act 2023, Section 64. Help about Changes to Legislation

64Enforcement of pledge: generalS
This section has no associated Explanatory Notes

(1)A pledge is enforceable only in accordance with the provisions of this Part.

(2)A pledge may be enforced—

(a)in such circumstances as are agreed between the provider and the secured creditor, or

(b)subject to any such agreement, where there has been a failure to perform the secured obligation.

(3)Any agreement under subsection (2)(a) must be in writing.

(4)In enforcing a pledge, a secured creditor must conform to reasonable standards of commercial practice.

(5)Subsection (2) is subject to sections 55(3), 65 and 66.

Modifications etc. (not altering text)

Commencement Information

I1S. 64 not in force at Royal Assent, see s. 121(2)

I2S. 64 in force at 1.4.2025 by S.S.I. 2024/378, reg. 2

Back to top

Options/Help