Section 881(2)

Where the amount secured by a charge so created is purported to be increased by a further back letter or agreement, a further charge is held to have been created by the ex facie absolute disposition or assignation or (as the case may be) by the standard security, as qualified by the further back letter or agreement.

← 1 · All articles · 3 →

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