Prospective
70(1)The registration of a statutory charge created under paragraph 69(1)(a) shall be effective until—N.I.
(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.