Paragraph 4
United Kingdom
A certificate by the Secretary of State that the whole of the loan has been repaid or that such terminable annuity has been redeemed shall, without any other instrument, operate as a discharge of the loan or extinction of the terminable annuity, as the case may be, and the recording of such certificate in the . . . F1 Register of Sasines shall be equivalent to the recording of a discharge of the said F2heritable security.
Annotations
Textual amendments
- F1
Word repealed by Crofting Reform (Scotland) Act 1976 (c. 21), Sch. 3
- F2
Words substituted by Crofting Reform (Scotland) Act 1976 (c. 21), Sch. 2 para. 15(b)
Notes on the whole Act
Textual amendments
- F1
Act repealed (5.1.1994) by 1993 c. 44, ss. 63(2), 64(2), Sch. 7 Pt.II (with ss. 30(5), 58(1)(4), Sch. 6 paras. 4, 5).