391 Charges

A charge is a form of security interest, which does not pass ownership to the person entitled to it, but prevents the person granting it from disposing of the charged asset, in order to provide security over the proceeds of sale.

Under UK law, where a company grants a security interest by way of charge to a third party, in order for that security interest to be enforceable against a liquidator of that company, or anyone who buys the property which is subject to the charge, particulars of the charge must be registered against the company. However, even

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