Section 670(3)

In the case of a company whose ordinary business— a charge is permitted (whether the shares are fully paid or not) if it arises in connection with a transaction entered into by the company in the ordinary course of that business. includes the lending of money, or consists of the provision of credit or the bailment (in Scotland, hiring) of goods under a hire-purchase agreement, or both,

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Source: legislation.gov.uk · retrieved 2026-09-04