{
  "url": "https://openlegislation.uk/redemption-of-heritable-securities-excluded-securities-scotland-order-2025/note",
  "json_url": "https://openlegislation.uk/redemption-of-heritable-securities-excluded-securities-scotland-order-2025/note.json",
  "legislation": "ssi/2025/251",
  "legislation_title": "The Redemption of Heritable Securities (Excluded Securities) (Scotland) Order 2025",
  "legislation_url": "https://openlegislation.uk/redemption-of-heritable-securities-excluded-securities-scotland-order-2025",
  "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 article 2.\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 before this Order comes into force. This is because the schemes mentioned in article 2(2) are no longer operating at the time of this order.\nAdministrative procedures for the schemes mentioned in article 2(2) 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/2025/251/note",
    "retrieved_at": "2026-10-28T20:34:23.941348+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."
}