Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 2013 - onwards
    Version 1 of 1    

859L. Entries of satisfaction and release

(1) Subsection (5) applies if the statement set out in subsection (2) and the particulars set out in subsection (4) are delivered to the registrar with respect to a registered charge.

(2) The statement referred to in subsection (1) is a statement to the effect that -

(a) the debt for which the charge was given has been paid or satisfied in whole or in part, or

(b) all or part of the property or undertaking charged -

(i) has been released from the charge, or

(ii) has ceased to form part of the company's property or undertaking.

(3) Where a statement within subsection (2)(b) relates to part only of the property or undertaking charged, the statement must include a short description of that part.

(4) The particulars referred to in subsection (1) are -

(a) the name and address of the person delivering the statement and an indication of their interest in the charge;

(b) the registered name and number of the company that -

(i) created the charge (in a case within section 859A or 859B), or

(ii

Comparing proposed amendment...