{
  "url": "https://openlegislation.uk/moveable-transactions-scotland-act-2023/section-91",
  "json_url": "https://openlegislation.uk/moveable-transactions-scotland-act-2023/section-91.json",
  "legislation": "asp/2023/3",
  "legislation_title": "Moveable Transactions (Scotland) Act 2023",
  "legislation_url": "https://openlegislation.uk/moveable-transactions-scotland-act-2023",
  "path": "section/91",
  "kind": "section",
  "number": "91",
  "heading": "Effective registration of statutory pledge",
  "text": "(1) The registration of a statutory pledge is ineffective if—\n(a) the entry made up for the statutory pledge in the statutory pledges record—\n(i) does not include a copy of the constitutive document, or\n(ii) is, at the time of registration, seriously misleading as a result of an inaccuracy or inaccuracies in it, or\n(b) the constitutive document is invalid.\n(2) But subsection (1)(a)(ii) is subject to section 94(1)(c) and (d).\n(3) Where the registration of a statutory pledge is ineffective by virtue of subsection (1), it becomes effective if and when the entry is corrected.",
  "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. 91 not in force at Royal Assent, see s. 121(2)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "S. 91 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/91",
    "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."
}