748Time limit for claims arising from entry in registerU.K.
This section has no associated Explanatory Notes
(1)Liability incurred by a company—
(a)from the making or deletion of an entry in the register of debenture holders, or
(b)from a failure to make or delete any such entry,
is not enforceable more than ten years after the date on which the entry was made or deleted or, as the case may be, the failure first occurred.
(2)This is without prejudice to any lesser period of limitation (and, in Scotland, to any rule that the obligation giving rise to the liability prescribes before the expiry of that period).
Modifications etc. (not altering text)
C1Ss. 743-748 applied (with modifications) (1.10.2009) by The Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009 (S.I. 2009/1804), regs. 2, 21