Entail Amendment Act 1848

18 Heir of entail may charge estates by granting bond and disposition in security. U.K.

In all cases in which it may be competent for an heir of entail in possession of an entailed estate in Scotland, or in which such heir of entail may be called upon to grant a bond of annual rent in terms of this Act, it shall be lawful for such heir of entail, and such heir of entail may be called upon, to charge under the authority of the Court of Session, as after mentioned, the fee and rents of such estate other than the mansion house, offices, and policies thereof, or the fee and rents of any portion of such estate, other than as aforesaid, with two third parts of the sum on which the amount of such bond of annual rent if granted would be calculated in terms of this Act, by granting, in favour of any creditor who may advance the amount of such two third parts, bond and disposition in security over such estate or any portion thereof other than as aforesaid for such amount, with the due and legal interest thereof from the date of such advance till repaid, and with corresponding penalties; and such bond and disposition in security may be in the like form, and shall have the like effect and operation, and be subject to the like conditions and provisions as to keeping down interest, and as to the extent of remedy against the fee and rents of the entailed estate, and otherwise, as are herein-after made and provided in regard to bonds and dispositions in security by this Act authorized to be granted in respect of provisions to younger children.