SCHEDULES

SCHEDULE 15 N.I. Financial relief in the High Court or a county court etc.: Northern Ireland

Modifications etc. (not altering text)

C1 Sch. 15: functions transferred (12.4.2010) by The Northern Ireland Act 1998 (Devolution of Policing and Justice Functions) Order 2010 (S.I. 2010/976), art. 15(1), Sch. 17 para. 21(b) (with arts. 15(6), 28-31)

Part 13 N.I. Miscellaneous and supplementary

Prospective

Avoidance of transactions intended to prevent or reduce financial relief N.I.

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.