410. Charges on property of registered societies.

410.     Charges on property of registered societies.

A debenture issued by a society registered under the Industrial and Provident Societies Act 1965, 1creating in favour of a bank2 a floating charge on farming stock3, may be registered as an agricultural charge, and the statutory provisions governing the registration of agricultural charges4 are applicable5. Notice of every such registered charge must be signed by the secretary of the society and sent to the Financial Conduct Authority and registered there6.