Section 859O(1)

This section applies where, after the creation of a charge, the charge is amended by adding or amending a term that— prohibits or restricts the creation of any fixed security or any other charge having priority over, or ranking pari passu with, the charge; or varies, or otherwise regulates the order of, the ranking of the charge in relation to any fixed security or any other charge.

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