Bills and Laws

Moveable Transactions (Scotland) Bill

The Bill aims to change the law in relation to two areas of moveable property:

• Assignation of claims – the transfer of a claim from one person to another
• Pledges – a type of security (usually for a loan)

The Bill was passed on 04 May 2023 and became an Act on 13 June 2023

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Contents

• Overview
• Introduced
• Stage 1 - General principles
• Stage 2 - Changes to detail
• Stage 3 - Final changes and vote
• Bill becomes an Act

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Bill becomes an Act

If the Bill is passed, it can receive Royal Assent and become an Act.

The Bill was passed on 04 May 2023 and became an Act on 13 June 2023

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