(1) For the purposes of this Part, a charge of the type described in column 1 of the Table below is taken to be created on the date given in relation to it in column 2 of that Table.
|
1. Type of charge |
2. When charge created |
|---|---|
|
Standard security |
The date of its recording in the Register of Sasines or its registration in the Land Register of Scotland |
|
Charge other than a standard security, where created or evidenced by an instrument |
Where the instrument is a deed that has been executed and has immediate effect on execution and delivery, the date of delivery |
|
Where the instrument is a deed that has been executed and held in escrow, the date of delivery into escrow |
|
|
Where the instrument is a deed that has been executed and held as undelivered, the date of delivery |
|
|
Where the instrument is not a deed and has immediate effect on execution, the date of execution |
|
|
Where the instrument is not a deed and does not have immediate effect on execution, the date on which |