Personal property in the possession or under the legal dominion of third persons may be the subject of a valid charge by the equitable owner in favour of his creditor1. Accordingly, choses or things in action2, such as debts or funds in the hands of trustees and including future choses in action and after-acquired property, are assignable by way of security3. For an equitable assignment by way of charge, notice is necessary as between assignee and debtor but not as between assignor and debtor, and, in order to
**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