[F1 117Heritable security in succession of creditor in the security U.K.

In the succession of the creditor in a heritable security, the security shall be moveable estate; except that in relation to the legal rights of the spouse, or of the descendants, of the deceased it shall be heritable estate.]

Textual Amendments

F1 S. 117 substituted (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5), ss. 71, 77(2), sch. 12 para. 8(15) (with ss. 58, 62, 75); S.S.I. 2003/456, art. 2