The Companies (No. 2) (Northern Ireland) Order 1990 No. 1504 (NI. 10)

PART V N.I. FINANCIAL MARKETS AND INSOLVENCY

Modifications etc. (not altering text)

C1 Pt. V applied (with modifications) (8.2.2011) by Investment Bank Special Administration Regulations 2011 (S.I. 2011/245), regs. 1, 8(7), 9, 15, 16-21, 24-26, Schs. 1-5

Market property N.I.

Priority of market charge over unpaid vendor's lien N.I.

101.  Where property subject to an unpaid vendor's lien becomes subject to a market charge, the charge has priority over the lien unless the chargee had actual notice of the lien at the time the property became subject to the charge.