Prospective

Part 2 SSecurity over Moveable Property

Chapter 2 SRegister of Statutory Pledges

Registration process S

87 Registration of statutory pledge S

(1) On accepting an application made under section 86, the Keeper must—

(a) make up an entry for the statutory pledge (from the constitutive document, the information provided in the application and the circumstances of registration),

(b) allocate a registration number to the entry (based on the order in which applications are dealt with), and

(c) maintain the entry in the statutory pledges record.

(2) A statutory pledge is taken to be registered on the date and at the time entered for it for the purposes of section 83(1)(k)(i).

Commencement Information

I1 S. 87 not in force at Royal Assent, see s. 121(2)