{
  "url": "https://openlegislation.uk/bankruptcy-and-diligence-etc-scotland-act-2007/section-42",
  "json_url": "https://openlegislation.uk/bankruptcy-and-diligence-etc-scotland-act-2007/section-42.json",
  "legislation": "asp/2007/3",
  "legislation_title": "Bankruptcy and Diligence etc. (Scotland) Act 2007",
  "legislation_url": "https://openlegislation.uk/bankruptcy-and-diligence-etc-scotland-act-2007",
  "path": "section/42",
  "kind": "section",
  "number": "42",
  "heading": "Assignation of floating charges",
  "text": "(1) A floating charge may be assigned (and the rights under it vested in the assignee) by the registration in the Register of Floating Charges of a document of assignation subscribed by the holder of the charge.\n(2) An assignation under subsection (1) above may be in whole or to such extent as may be specified in the document of assignation.\n(3) This section is without prejudice to any other enactment, or any rule of law, by virtue of which a floating charge may be assigned.\n(4) This section does not apply where a floating charge is assigned (whether in whole or to a specified extent) to or by a central institution.",
  "extent": "S",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 42(4) added (21.2.2009) by Banking Act 2009 (c. 1), ss. 253(4), 263(1)(2) (with s. 247); S.I. 2009/296, art. 3, Sch. para. 11"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/asp/2007/3/section/42",
    "retrieved_at": "2026-10-29T20:16:03.393234+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}