{
  "url": "https://openlegislation.uk/moveable-transactions-scotland-act-2023/section-52",
  "json_url": "https://openlegislation.uk/moveable-transactions-scotland-act-2023/section-52.json",
  "legislation": "asp/2023/3",
  "legislation_title": "Moveable Transactions (Scotland) Act 2023",
  "legislation_url": "https://openlegislation.uk/moveable-transactions-scotland-act-2023",
  "path": "section/52",
  "kind": "section",
  "number": "52",
  "heading": "Extinction of statutory pledge where dealings inconsistent with a fixed security",
  "text": "If a secured creditor acquiesces, expressly or impliedly, in a provider’s transfer of encumbered property (or any part of it) to a third party, other than by means of granting the consent mentioned in section 51(2), the statutory pledge under which the property (or part) was encumbered is extinguished (but see also article 11(3) (restriction, discharge or extinction of unregistered statutory pledge over financial instrument) of the Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025 (S.I. 2025/275 (S. 1))).",
  "extent": "S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 52 inserted (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), 22(6) (with art. 20)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "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)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 52 not in force at Royal Assent, see s. 121(2)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "S. 52 in force at 1.4.2025 by S.S.I. 2024/378, reg. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/asp/2023/3/section/52",
    "retrieved_at": "2026-10-29T20:12:17.256943+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}