Notice of proposal to transfer land 48 (1) This paragraph applies where— (a) a small landholder’s interest in buying the land comprising the landholder’s small landholding has been registered under paragraph 45(4)(a), and 30 (b) the registration has not ceased to have effect. (2) The owner of the land, and any eligible creditor in relation to the land, must, before transferring the land or any part of it to another person, give the landholder notice of any proposal by the owner or (as the case may be) the creditor to make such a transfer. (3) But sub-paragraph (2) does not apply if the transfer is an exempt transfer for the purposes 35 of this paragraph (see paragraph 49). (4) Notice under sub-paragraph (2) must be given— (a) in writing, and 98 Land Reform (Scotland) Bill Schedule—Small landholdings Part 5—Right to buy (b) in accordance with such provision (including provision as to the form of the notice) as the Scottish Ministers may prescribe by regulations. (5) An owner or creditor who gives a landholder notice under sub-paragraph (2) must give a copy of the notice to the Keeper. 5 (6) In this Part, “eligible creditor”, in relation to land, means a creditor in a standard security with a right to sell the land under— (a) section 20(2) or 23(2) of the Conveyancing and Feudal Reform (Scotland) Act 1970, or (b) a warrant granted under section 24(1) of that Act. 10 Transfers not requiring notice 1 49 (1) A transfer of land is an exempt transfer for the purposes of paragraph 48 if the transfer is or (as the case may be) would be— (a) otherwise than for value, (b) in implement or pursuance of an order of a court, other than an order under section 15 24 of the Conveyancing and Feudal Reform (Scotland) Act 1970 or a decree in an action for the division and sale of land, (c) between spouses or civil partners in pursuance of an arrangement between them entered into at any time after they have ceased living...