# Moveable Transactions (Scotland) Act 2023, Section 91: Effective registration of statutory pledge

Extent: S

(1) The registration of a statutory pledge is ineffective if—
(a) the entry made up for the statutory pledge in the statutory pledges record—
(i) does not include a copy of the constitutive document, or
(ii) is, at the time of registration, seriously misleading as a result of an inaccuracy or inaccuracies in it, or
(b) the constitutive document is invalid.
(2) But subsection (1)(a)(ii) is subject to section 94(1)(c) and (d).
(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.

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Source: https://www.legislation.gov.uk/asp/2023/3/section/91 (the official version)
Page: https://openlegislation.uk/moveable-transactions-scotland-act-2023/section-91
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.