SCHEDULES

C1 SCHEDULE 15Financial relief in the High Court or a county court etc.: Northern Ireland

Annotations:
Modifications etc. (not altering text)

Part 13Miscellaneous and supplementary

Avoidance of transactions intended to prevent or reduce financial relief

70

1

The registration of a statutory charge created under paragraph 69(1)(a) shall be effective until—

a

the expiration of 1 year from the date of its registration or of the last renewal of its registration, unless the registration is renewed or further renewed before the expiration of that period, or

b

the court orders that it is to cease to have effect.

2

When the registration ceases to have effect the Registrar of Titles may cancel it.

3

Nothing in this paragraph affects any provision of section 91 of the 1970 Act (cancellation and modification of statutory charges).

4

An application for the renewal, under sub-paragraph (1)(a), of the registration of a charge may be made in the same manner as the application for the original registration.