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Part 2Floating charges

Registration and creation etc.

44Discharge of floating charges

(1)A floating charge may be discharged by the registration in the Register of Floating Charges of a document of discharge subscribed by the holder of the charge.

(2)A discharge under subsection (1) above may be in whole or to such extent as may be specified in the document of discharge.

(3)This section is without prejudice to any other means by which a floating charge may be discharged or extinguished.