Enforcement of pledge Enforcement of pledge
Scotland
- 63The expression “pledge” in sections 64 to 77
- 64Enforcement of pledge: general
- 65Pledge enforcement notice
- 66Whether court order required for enforcement
- 67Secured creditor’s right to take possession of, or steps in relation to, corporeal property
- 68Secured creditor’s right to sell
- 69Sale: unencumbered acquisition
- 70Secured creditor’s right to let
- 71Secured creditor’s right to grant licence over intellectual property
- 72Secured creditor’s right to protect and manage the property
- 73Secured creditor’s right to appropriate
- 74Appropriation with prior agreement
- 75Appropriation without prior agreement
- 76Appropriation: unencumbered acquisition
- 77Application of proceeds from enforcement of pledge
- 78Mandatory application for removal of an entry from the statutory pledges record
Notes on Part 2
Modifications
- C1
Pt. 2 extended (with modifications) (1.4.2025) by The Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025 (S.I. 2025/275), arts. 1(2), 5 (with arts. 6-20)
Notes on Chapter 1
Modifications
- C1
Pt. 2 extended (with modifications) (1.4.2025) by The Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025 (S.I. 2025/275), arts. 1(2), 5 (with arts. 6-20)