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Bankruptcy and Diligence etc. (Scotland) Act 2007

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Point in time view as at 01/07/2010. This version of this provision is prospective. Help about Status

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Bankruptcy and Diligence etc. (Scotland) Act 2007, Section 44 is up to date with all changes known to be in force on or before 07 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Prospective

44Discharge of floating chargesS

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(1)A floating charge may be discharged by the registration in the Register of Floating Charges of a document of discharge subscribed by the holder of the charge.

(2)A discharge under subsection (1) above may be in whole or to such extent as may be specified in the document of discharge.

(3)This section is without prejudice to any other means by which a floating charge may be discharged or extinguished.

[F1(4)This section does not apply where the floating charge to be discharged (whether in whole or to a specified extent) is or has been held by a central institution.F1]

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