LL MG04s- Statement that part [or the whole] of the property charged (a) has been released from the fixed charge; (b) no longer forms part of the Limited Liability Partnership’s (LLP) property, by an LLP registered in Scotland

LLMG04s is to be completed to register a memorandum of satisfaction where part or whole of the property has been released from the fixed charge or ceased to form part of the property for a LLP registered in Scotland.

To activate the form

  1. Go to Edit | Mortgages and Charges, highlight the relevant mortgage or charge and click Edit.

  2. Enter a date for the discharge of the mortgage or charge and click Save.

  3. Select Yes when asked to Log declaration of discharge of mortgage or charge event.

  4. On the following screen, the user is required to choose from the relevant boxes for the two statements.

‘The charge part of the property or undertaking described has been: Released, Ceased, Released and Ceased.’

‘Debt for which the charge given has been paid or satisfied in: Full, Part.’


To display the form

Go to Reports | Company Forms, highlight for LLMG04s and click Print Form.

To display a form with basic details go to Reports | Forms with Basic Details | Form LLMG04s- Application for registration of a memorandum of satisfaction that part (or the whole) of the property charged (a) has been released from the fixed charge; (b) no longer forms part of the LLP’s property by an LLP registered in Scotland. The form opens in Microsoft Word showing the basic details.

To display a blank form, go to Reports | Blank Forms. Form LLMG04s- Application for registration of a memorandum of satisfaction that part (or the whole) of the property charged (a) has been released from the fixed charge; (b) no longer forms part of the LLP’s property by an LLP registered in Scotland. This opens the completely blank form into Microsoft Word.

 

LL MG04s - Example

Click on any area of the form for additional information: