A duly registered1 aircraft or hovercraft2, or such an aircraft or hovercraft with any store of spares for it, may be made security for a loan or other valuable consideration3. Provision is made for the registration of any such mortgage4. Whilst registration is voluntary, there is an inducement to register because a registered mortgage has priority over an earlier unregistered mortgage
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234