Section A52(1)

A provision in an instrument creating a floating charge is void if it provides for the obtaining of a moratorium, or anything done with a view to obtaining a moratorium, to be— an event causing the floating charge to crystallise, an event causing restrictions which would not otherwise apply to be imposed on the disposal of property by the company, or a ground for the appointment of a receiver.

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