Section 253(5)

In section 43 (alteration of floating charges)— in subsection (4), for “But paragraph” substitute “ Paragraph ”, and after that subsection insert— Paragraph (b) of subsection (3) above does not apply in respect of an alteration if— the holder of the floating charge is a central institution, or the holder of the floating charge is not a central institution but the alteration is to be made in connection with a floating charge which is held (or which has been or is to be held) by a central institution.

← 4 · All articles · 6 →

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