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Changes over time for: Section 486
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Version Superseded: 26/03/2015
Status:
Point in time view as at 06/04/2007. This version of this provision has been superseded.
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Changes to legislation:
Companies Act 1985, Section 486 is up to date with all changes known to be in force on or before 03 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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486 Interpretation for Part XVIII generally.S
(1)In this Part, unless the context otherwise requires, the following expressions have the following meanings respectively assigned to them, that is to say—
(a)a document which relates to the floating charge and which was executed by the debtor or creditor in the charge before the registration of the charge in accordance with Chapter II or Part XII; or
(b)an instrument of alteration such as is mentioned in section 466 in this Part;
“company”, . . . , means an incorporated company (whether a company within the meaning of this Act or not);
“fixed security”, in relation to any property of a company, means any security, other than a floating charge or a charge having the nature of a floating charge, which on the winding up of the company in Scotland would be treated as an effective security over that property, and (without prejudice to that generality) includes a security over that property, being a heritable security within the meaning of section 9(8) of the Conveyancing and Feudal Reform (Scotland) Act 1970;
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“Register of Sasines” means the appropriate division of the General Register of Sasines.
Textual Amendments
Modifications etc. (not altering text)
Marginal Citations
Yn ôl i’r brig