We are facing an issue while trying to create a site/List column based on the Managed metadata type on a specific Site collection on our SharePoint 2010 farm, it throws the below mentioned access denied error eventhough the user has Full control on the site collection:
Access Denied. Exception: System.UnauthorizedAccessException: Access is denied. (Exception from HRESULT: 0x80070005 (E_ACCESSDENIED)) at Microsoft.SharePoint.Library.SPRequestInternalClass.AddField(String bstrUrl, String bstrListName, String bstrSchemaXml, Int32 grfAdd) at Microsoft.SharePoint.Library.SPRequest.AddField(String bstrUrl, String bstrListName, String bstrSchemaXml, Int32 grfAdd).
However, we are able to do it on the other site collection on the same webapplication. any help?
Also, would it be possible to define a termset on the site collection level?