[A52 Void provisions in floating charge documents]
[A52 Void provisions in floating charge documents]

[Floating charges]

[A52  Void provisions in floating charge documents]

[(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—

(a)     an event causing the floating charge to crystallise,

(b)     an event causing restrictions which would not otherwise apply to be imposed on the disposal of property by the company, or

(c)     a ground for the appointment of a receiver.

(2)     The reference in subsection (1) to anything done with a view to obtaining a moratorium includes any preliminary decision or

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