# Moveable Transactions (Scotland) Act 2023, Section 59: Restriction or discharge of statutory pledge

Extent: S

A statutory pledge may be—
(a) restricted to only part of the encumbered property, or
(b) discharged,
by means of a written statement by the secured creditor (but see also article 11 (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)))..

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Source: https://www.legislation.gov.uk/asp/2023/3/section/59 (the official version)
Page: https://openlegislation.uk/moveable-transactions-scotland-act-2023/section-59
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.