{
  "url": "https://openlegislation.uk/moveable-transactions-scotland-act-2023/section-87",
  "json_url": "https://openlegislation.uk/moveable-transactions-scotland-act-2023/section-87.json",
  "legislation": "asp/2023/3",
  "legislation_title": "Moveable Transactions (Scotland) Act 2023",
  "legislation_url": "https://openlegislation.uk/moveable-transactions-scotland-act-2023",
  "path": "section/87",
  "kind": "section",
  "number": "87",
  "heading": "Registration of statutory pledge",
  "text": "(1) On accepting an application made under section 86, the Keeper must—\n(a) make up an entry for the statutory pledge (from the constitutive document, the information provided in the application and the circumstances of registration),\n(b) allocate a registration number to the entry (based on the order in which applications are dealt with), and\n(c) maintain the entry in the statutory pledges record.\n(2) A statutory pledge is taken to be registered on the date and at the time entered for it for the purposes of section 83(1)(k)(i).",
  "extent": "S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "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. 87 not in force at Royal Assent, see s. 121(2)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "S. 87 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/87",
    "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."
}