# The Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025, Article 18: Secured creditor’s right to appropriate financial instrument


In addition to the grounds set out in subsection (2) of section 73 of the Act (secured creditor’s right to appropriate), it is not competent to appropriate by virtue of subsection (1) of that section a financial instrument payable to the bearer, unless that instrument is in the possession of the secured creditor.

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Source: https://www.legislation.gov.uk/uksi/2025/275/article/18 (the official version)
Page: https://openlegislation.uk/moveable-transactions-scotland-act-2023-financial-collateral-arrangements-and-financial-instruments-consequential-provisions-and-modifications-order-2025/article-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.