Disposition

Disposition, in the Law of Scotland, is a deed of conveyance and alienation, which transfers a right to property, either heritable or movable. The most common form of disposition is that which conveys heritage from a seller to a purchaser. Dispositions of movable subjects are also known in practice. Another form of disposition is the general disposition and settlement, which is used to settle the whole succession to an estate including both heritable and movable property. When such a succession is settled by a conveyance to trustees with specified powers, the deed is called a trust-disposition and settlement. All these deeds have a form, similar, indeed, but varying according to the nature of the property conveyed and its destination. For disposition in security, see HERITABLE SECURITIES.