§ 416.—(1) A person taking a charge over a company's property shall be taken to have notice of any matter requiring registration and disclosed on the register at the time the charge is created.
§ (2) Otherwise, a person shall not be taken to have notice of any matter by reason of its being disclosed on the register or by reason of his having failed to search the register in the course of making such inquiries as ought reasonably to be made.
§ (3) The above provisions have effect subject to any other statutory provisions as to whether a person is to be taken to have notice of any matter disclosed on the register.