§ 395.—(1) The purpose of this Part is to secure the registration of charges on a company's property.
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(2) In this Part—
charge" means any form of security interest (fixed or floating) over property, other than an interest arising by operation of law; and
property", in the context of what is the subject of a charge, includes future property.
§ (3) It is immaterial for the purposes of this Part where the property subject to a charge is situated.
§ (4) References in this Part to "the registrar" are—
- (a) in relation to a company registered in England and Wales, to the registrar of companies for England and Wales, and
- (b) in relation to a company registered in Scotland, to the registrar of companies for Scotland;