Section 16(2)
IA 1986
Insolvency Act 1986 · United Kingdom
Where goods in the possession of the company under a hire-purchase agreement, conditional sale agreement, chattel leasing agreement or retention of title agreement are disposed of under section 15 in its application to Scotland, the disposal has the effect of extinguishing, as against the disponee, all rights of the owner of the goods under the agreement.
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Source: legislation.gov.uk · retrieved 2026-09-04