Part III Registration and Other Perfection Requirements, 11 Interests Created By Debtors Who Are Not companies
Hugh Beale, Michael Bridge, Louise Gullifer, Eva Lomnicka
- Security interest
11.01 There are perfection requirements1 for only certain types of mortgage or charge created by non-corporate debtors over their property. The perfection of mortgages and charges over goods by non-corporate debtors is for the most part governed by statute, principally the Bills of Sale Acts.2 General assignments of book debts must also be registered under the Bills of Sale Act 1878.3 There are separate provisions for agricultural charges4 and charges created by industrial and provident societies.5 11.02 A mortgage over some types of asset may need to be...