unregistered charge

unregistered charge
Under section 395 of the Companies Act 1985 charges must be registered at the Companies Registry within 21 days after being created. Failure to register means that the charge is invalid as against a liquidator or other creditors. Title retention rights claimed by the seller in his supply contract or terms and conditions of business (see retention of title) may amount to charges and as such must be registered at the Companies Registry.

Easyform Glossary of Law Terms. — UK law terms.

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