SCHEDULE 14Minor and consequential amendments
4Conveyancing and Feudal Reform (Scotland) Act 1970 (c. 35)
1
The Conveyancing and Feudal Reform (Scotland) Act 1970 shall be amended in accordance with this paragraph.
2
In section 9 (which introduces the standard security)—
a
after subsection (2A) there shall be inserted—
2B
It shall not be competent to grant a standard security over a personal pre-emption burden or personal redemption burden (both within the meaning of Part 4 of the Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5).
b
in subsection (8)(b), for the definition of “interest in land” there shall be substituted—
“real right in land” means any such right, other than ownership or a real burden, which is capable of being held separately and to which a title may be recorded in the Register of Sasines;
3
In section 19 (calling-up of standard security), in subsection (4), for the words “infeft in” there shall be substituted “having title to”.
4
In section 19A(1) (notice to occupier of calling up), for the words “an interest” there shall be substituted “land or a real right”.
5
In section 24(3) (application by creditor for remedies on default), for the words “an interest” there shall be substituted “land or a real right”.