# Moveable Transactions (Scotland) Act 2023, Section 64: Enforcement of pledge: general

Extent: S

(1) A pledge is enforceable only in accordance with the provisions of this Part.
(2) A pledge may be enforced—
(a) in such circumstances as are agreed between the provider and the secured creditor, or
(b) subject to any such agreement, where there has been a failure to perform the secured obligation.
(3) Any agreement under subsection (2)(a) must be in writing.
(4) In enforcing a pledge, a secured creditor must conform to reasonable standards of commercial practice.
(5) Subsection (2) is subject to sections 55(3), 65 and 66.

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Source: https://www.legislation.gov.uk/asp/2023/3/section/64 (the official version)
Page: https://openlegislation.uk/moveable-transactions-scotland-act-2023/section-64
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.