Prospective
52Extinction of statutory pledge where dealings inconsistent with a fixed securityS
This section has no associated Explanatory Notes
If a secured creditor acquiesces, expressly or impliedly, in a provider’s transfer of encumbered property (or any part of it) to a third party, other than by means of granting the consent mentioned in section 51(2), the statutory pledge under which the property (or part) was encumbered is extinguished.
Commencement Information
I1S. 52 not in force at Royal Assent, see s. 121(2)