S19.2.1 Borrower/Owner
In some securities the debtors are narrated twice, usually as Borrowers and Owners (or Proprietors) and it is in the latter capacity that they actually grant the security. The debtors require to be designed where they are named as Owners/Proprietors. The designation should be repeated or a word such as “said” should be used to clearly design them by linking them to the Borrower. (“Said Borrowers” would also be acceptable in a situation where their names are not repeated.)
Registers of Scotland (RoS) seeks to ensure that the information published in the Sasines Manual is up to date and accurate but it may be amended from time to time.
The Manual is an internal document intended for RoS staff only. The information in the Manual does not constitute legal or professional advice and RoS cannot accept any liability for actions arising from its use.
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