Captured statutory text (L5)
7 Registration of electronic standard securities for preservation and execution
(1)An extract of an electronic standard security that has been created as a digital registration document may be registered for preservation and execution in the Books of Council and Session.
(2)An extract registered in accordance with paragraph (1) is to be treated for the purposes of executing any diligence as if—
(a)the standard security were created by a document to which section 9C(1) of the 1995 Act applies; and
(b)the extract were that electronic standard security.
Full captured verbatim text
(1) An extract of an electronic standard security that has been created as a digital registration document may be registered for preservation and execution in the Books of Council and Session. (2) An extract registered in accordance with paragraph (1) is to be treated for the purposes of executing any diligence as if— (a) the standard security were created by a document to which section 9C(1) of the 1995 Act applies; and (b) the extract were that electronic standard security.