Part 2Security over Moveable Property
Chapter 2Register of Statutory Pledges
Effective registration
I192Effective registration of amendment to statutory pledge
1
The registration of an amendment to a statutory pledge is ineffective if—
a
the entry for the statutory pledge in the statutory pledges record—
i
does not include a copy of the amendment document, or
ii
is, in consequence of the amendment, seriously misleading as a result of an inaccuracy or inaccuracies in it, or
b
the amendment document is invalid.
2
But subsection (1)(a)(ii) is subject to section 94(1)(c) and (d).
3
Where the registration of an amendment to a statutory pledge is ineffective by virtue of subsection (1), it becomes effective if and when the entry as amended is corrected.