# Bankruptcy and Diligence etc. (Scotland) Act 2007, Section 44: Discharge of floating charges

Extent: S
Status: prospective

(1) A floating charge may be discharged by the registration in the Register of Floating Charges of a document of discharge subscribed by the holder of the charge.
(2) A discharge under subsection (1) above may be in whole or to such extent as may be specified in the document of discharge.
(3) This section is without prejudice to any other means by which a floating charge may be discharged or extinguished.
(4) This section does not apply where the floating charge to be discharged (whether in whole or to a specified extent) is or has been held by a central institution.

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Source: https://www.legislation.gov.uk/asp/2007/3/section/44 (the official version)
Page: https://openlegislation.uk/bankruptcy-and-diligence-etc-scotland-act-2007/section-44
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.