Rule 107 - Crystallised charge as burden
| Original version | <a href='/vid/rule-107-crystallised-charge-907696070'>Rule 107 - Crystallised charge as burden</a> |
(1) Pursuant to Section 69(1)(s) of the Act, it is hereby prescribed that a crystallised charge on the land of a company arising on the appointment of a receiver under a debenture which created a floating charge on its undertaking and assets may be registered as a burden affecting registered land.
(2) An application for registration of a crystallised charge shall be made by lodging in the Registry the debenture and appointment of receiver with a duplicate or attested copy of each. The application shall...
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