HC Deb 18 July 1985 vol 83 c593

Amendments made: No. 30, in page 21, line 3, leave 'charge or'.

No. 31, in page 21. leave out lines 5 to 8 and insert 'security'.

No. 32, in page 21, line 12, leave out 'charge or'.

No. 33, in page 21, line 19, leave out 'charge or'.

No. 34, in page 21, line 23, leave out 'charge or security held by a person who'

and insert `security held by a person who (whether by virtue of the security or otherwise) appointed or'.

No. 35, in page 21, line 26, leave out 'charge or security to which a charge or' and insert 'security to which a'.

No. 263, in page 21, line 28, leave out 'charge or security on' and insert 'security which, as created, was a security over'.

No. 37, in page 21. line 29, leave out 'charge or'.

No. 38, in page 21, line 30, at end insert— `(3A) Where any property is disposed of under subsection (1) above, the security shall have effect in relation to any property of the company which represents the property disposed of as if—

  1. (a) the security had been created by the company as a floating charge over the property; and
  2. (b) any condition precedent to the exercise of the right to appoint a receiver of the property by virtue of the security were satisfied.'.

No. 39, in page 21, line 40, leave out 'charge or'.

No. 40, in page 21, line 43, leave out 'charges or'.

No. 41, in page 22, line 2, leave out 'charges or'.

No. 42, in page 22, line 10, at end insert— '(7A) Where any property is disposed of under this section in its application to Scotland, the administrator shall grant to the disponee an appropriate document of transfer or conveyance of the property, and—

  1. (a) that document; or
  2. (b) where any recording, intimation or registration of that document is a legal requirement for completion of title to the property, that recording, intimation or registration, has the effect of disencumbering the property of or, as the case may be, freeing the property from the security.'—[Mr. Fletcher.]

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