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Moveable Transactions (Scotland) Act 2023
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Status:
This version of this provision is prospective.
Status
The term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section. A version of a provision is prospective either:
- where the provision (Part, Chapter or section) has never come into force or;
- where the text of the provision is subject to change, but no date has yet been appointed by the appropriate person or body for those changes to come into force.
Commencement Orders listed in the ‘Changes to Legislation’ box as not yet applied may bring this prospective version into force.
Changes to legislation:
Moveable Transactions (Scotland) Act 2023, Section 56 is up to date with all changes known to be in force on or before 30 December 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.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Section 56:
- s. 56 coming into force by S.S.I. 2024/378 reg. 2
Prospective
56Occupancy and other rights in family home following grant of statutory pledgeS
This
adran has no associated
Nodiadau Esboniadol
(1)The Matrimonial Homes (Family Protection) (Scotland) Act 1981 (“the 1981 Act”) and the Civil Partnership Act 2004 (“the 2004 Act”) are amended in accordance with this section.
(2)After section 2(8) of the 1981 Act and section 102(8) of the 2004 Act, insert—
“(8A)In subsection (1)(a), “secured loan” includes secured obligation (construed in accordance with section 43(1) of the Moveable Transactions (Scotland) Act 2023).”.
(3)In section 3 of the 1981 Act and section 103 of the 2004 Act, at the end of subsection (2) insert “or the rights of any secured creditor in relation to the non-performance of a secured obligation.”.
(4)After section 3(8) of the 1981 Act, insert—
“(9)In subsection (2)—
“secured creditor” has the meaning given by section 113(1) of the Moveable Transactions (Scotland) Act 2023, and
“secured obligation” is to be construed in accordance with section 43(1) of the Moveable Transactions (Scotland) Act 2023.”.
(5)After section 103(9) of the 2004 Act, insert—
“(10)In subsection (2)—
“secured creditor” has the meaning given by section 113(1) of the Moveable Transactions (Scotland) Act 2023, and
“secured obligation” is to be construed in accordance with section 43(1) of the Moveable Transactions (Scotland) Act 2023.”.
(6)In section 6(2) of the 1981 Act and section 106(2) of the 2004 Act, in the definition of “dealing”, after the words “heritable security” insert “, the grant of a statutory pledge”.
(7)In section 8 of the 1981 Act, after subsection (2B) insert—
“(2C)For the purposes of subsection (2A) above, the time of granting a security, in the case of a statutory pledge, is—
(a)the date of delivery of the constitutive document of the statutory pledge, or
(b)where the statutory pledge is granted in an amendment document, the date of delivery of that document.”.
(8)In section 108 of the 2004 Act, after subsection (4) insert—
“(5)For the purposes of subsection (3), the time of granting a security, in the case of a statutory pledge, is—
(a)the date of delivery of the constitutive document of the statutory pledge, or
(b)where the statutory pledge is granted in an amendment document, the date of delivery of that document.”.
(9)The title of section 8 of the 1981 Act and section 108 of the 2004 Act becomes “Interests of creditors”.
Commencement Information
I1S. 56 not in force at Royal Assent, see s. 121(2)
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