Moveable Transactions (Scotland) Act 2023 (asp 3)

Valid from 01/04/2025

Part 2 S Security over Moveable Property

Chapter 1 S Pledge

Enforcement of pledge S

76 Appropriation: unencumbered acquisition S

Where a secured creditor appropriates property by virtue of section 73(1), the secured creditor acquires the property unencumbered by any right in security or any diligence.

Commencement Information

I1 S. 76 not in force at Royal Assent, see s. 121(2)