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Moveable Transactions (Scotland) Act 2023
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This version of this provision is prospective.
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Changes to legislation:
Moveable Transactions (Scotland) Act 2023, Section 101 is up to date with all changes known to be in force on or before 22 February 2025. 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.
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Changes and effects yet to be applied to Section 101:
- s. 101 coming into force by S.S.I. 2024/378 reg. 2
Prospective
101Meaning of “inaccuracy” and how a correction is madeS
This section has no associated Explanatory Notes
(1)There is an “inaccuracy” in the statutory pledges record where the record misstates what the position is, in law or in fact, in relation to a statutory pledge.
(2)A correction of the statutory pledges record—
(a)may relate to an inaccuracy—
(i)which has existed since an entry in the record was made up, or
(ii)which has arisen due to circumstances that have occurred since the submission of the application in respect of which the entry was made up, and
(b)may involve—
(i)the removal of an entry,
(ii)the removal of information included in an entry,
(iii)the amendment of, or an addition to, the information, or replacement of a copy document, included in an entry,
(iv)the restoration of information, or of a copy document, to an entry,
(v)the restoration of an entry (whether or not by transferring it from the archive record to the statutory pledges record).
(3)A correction is taken to be made on the date and at the time entered for it in the register in pursuance of a provision of this Part.
Commencement Information
I1S. 101 not in force at Royal Assent, see s. 121(2)
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