{
  "url": "https://openlegislation.uk/redemption-of-heritable-securities-excluded-securities-scotland-order-2018/note",
  "json_url": "https://openlegislation.uk/redemption-of-heritable-securities-excluded-securities-scotland-order-2018/note.json",
  "legislation": "ssi/2018/376",
  "legislation_title": "The Redemption of Heritable Securities (Excluded Securities) (Scotland) Order 2018",
  "legislation_url": "https://openlegislation.uk/redemption-of-heritable-securities-excluded-securities-scotland-order-2018",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThis Order provides that section 11(2) of the Land Tenure Reform (Scotland) Act 1974 will not apply to the heritable securities granted in pursuance of the schemes mentioned in articles 2 and 3.\nThe effect is that the debtor will not be entitled to redeem the security after 20 years have passed since it was executed, under the terms provided by section 11 of that Act.\nFor the schemes mentioned in article 2(2), the entitlement is removed for securities granted both before and after this Order comes into force, while for schemes mentioned in article 3(2) the entitlement is only removed for securities granted after this Order comes into force.\nAdministrative procedures for the schemes mentioned in articles 2 and 3 are published on the Scottish Government website at this link: https://www.gov.scot/publications/twenty-year-security-rule-removal-of-right-to-redeem/",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ssi/2018/376/note",
    "retrieved_at": "2026-10-28T21:09:54.386980+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."
}