Part 2Floating charges
Related further provision
48Formalities as to documents
(1)
“(aa)
to register a document in the Register of Floating Charges;”.
(2)
In section 46 (extract decree of reduction to be recorded) of the Conveyancing (Scotland) Act 1924 (c. 27)—
(a)
in subsection (2), for the words “This section” substitute “Subsection (1) above”; and
(b)
“(3)
This section shall apply in relation to a document registered in the Register of Floating Charges as it applies in relation to a deed or other document pertaining to a heritable security which is recorded in the Register of Sasines (and the references to recording are to be read accordingly).”.
(3)
“(5A)
Subsection (5) above applies in relation to document registered in the Register of Floating Charges as it applies in relation to a document recorded in the Register of Sasines (and the references to recording are to be read accordingly).”.