OpenLegislation

Enforcement of pledge Enforcement of pledge

Scotland

  1. 63The expression “pledge” in sections 64 to 77
  2. 64Enforcement of pledge: general
  3. 65Pledge enforcement notice
  4. 66Whether court order required for enforcement
  5. 67Secured creditor’s right to take possession of, or steps in relation to, corporeal property
  6. 68Secured creditor’s right to sell
  7. 69Sale: unencumbered acquisition
  8. 70Secured creditor’s right to let
  9. 71Secured creditor’s right to grant licence over intellectual property
  10. 72Secured creditor’s right to protect and manage the property
  11. 73Secured creditor’s right to appropriate
  12. 74Appropriation with prior agreement
  13. 75Appropriation without prior agreement
  14. 76Appropriation: unencumbered acquisition
  15. 77Application of proceeds from enforcement of pledge
  16. 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)