The Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025
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Change 1
9 Assignation of unregistered statutory pledge over financial instrument
(1) An unregistered statutory pledge may be assigned by means of an evidenced agreement between the collateral-taker and the assignee. (2) Section 57(3) of the Act (assignation of statutory pledge) applies to such an agreement as it applies to an assignation document mentioned in section 57(2).
9 Assignation of unregistered statutory pledge over financial instrument
(1) An unregistered statutory pledge may be assigned by means of an evidenced agreement between the collateral-taker and the assignee. (2) Section 57(3) of the Act (assignation of statutory pledge) applies to such an agreement as it applies to an assignation document mentioned in section 57(2).
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