Conveyancing and Feudal Reform (Scotland) Act 1970

39 Amendment of s. 8 of Act of 1894. S

(1)Section 8 of the Act of 1894 (provisions for security holders becoming proprietors of security subjects) shall be amended as follows—

(a)in the first sentence the words “or at any lower price” shall be omitted; and

(b)in the second sentence, after the words “extinguished, and” there shall be inserted the words “as from the date of the said recording”, and for the words “as from the date of such decree” there shall be substituted the words “as from that date”.

(2)In Schedule (D) to the Act of 1894 (form of decree under the said section 8), for the words “this date” there shall be substituted the words “the date on which an extract of this decree is recorded in the appropriate register”, and after the word “petitioner” there shall be inserted the words “as from the said date,”.

Modifications etc. (not altering text)

C1The text of ss. 2(7), 36, 37, 39, 46, 50, 52(2)(3), Sch. 10 paras. 1, 2–4, 5 and Sch. 11 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.