Part 25Company charges

Chapter 1Companies registered in England and Wales or in Northern Ireland

Requirement to register company charges

861Charges which have to be registered: supplementary

(1)

The holding of debentures entitling the holder to a charge on land is not, for the purposes of section 860(7)(a), an interest in the land.

(2)

It is immaterial for the purposes of this Chapter where land subject to a charge is situated.

(3)

The deposit by way of security of a negotiable instrument given to secure the payment of book debts is not, for the purposes of section 860(7)(f), a charge on those book debts.

(4)

For the purposes of section 860(7)(i), “intellectual property” means—

(a)

any patent, trade mark, registered design, copyright or design right;

(b)

any licence under or in respect of any such right.

(5)

In this Chapter—

“charge” includes mortgage, and

“company” means a company registered in England and Wales or in Northern Ireland.