Version Superseded: 06/04/2013
Point in time view as at 01/10/2009.
Companies Act 2006, Cross Heading: Avoidance of certain charges is up to date with all changes known to be in force on or before 04 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.
(1)If a company creates a charge to which section 860 applies, the charge is void (so far as any security on the company's property or undertaking is conferred by it) against—
(a)a liquidator of the company,
(b)an administrator of the company, and
(c)a creditor of the company,
unless that section is complied with.
(2)Subsection (1) is subject to the provisions of this Chapter.
(3)Subsection (1) is without prejudice to any contract or obligation for repayment of the money secured by the charge; and when a charge becomes void under this section, the money secured by it immediately becomes payable.
Modifications etc. (not altering text)
C1S. 874 applied (with modifications) (1.10.2009) by The Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009 (S.I. 2009/1804), regs. 2, 37
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