Section 861

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. It is immaterial for the purposes of this Chapter where land subject to a charge is situated. 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. For the purposes of section 860(7)(i), “intellectual property” means— any patent, trade mark, registered design, copyright or design right; any licence under or in respect of any such right. In this Chapter— “charge” includes mortgage, and “company” means a company registered in England and Wales or in Northern Ireland.

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