Prospective
42Assignation of floating chargesS
This section has no associated Explanatory Notes
(1)A floating charge may be assigned (and the rights under it vested in the assignee) by the registration in the Register of Floating Charges of a document of assignation subscribed by the holder of the charge.
(2)An assignation under subsection (1) above may be in whole or to such extent as may be specified in the document of assignation.
(3)This section is without prejudice to any other enactment, or any rule of law, by virtue of which a floating charge may be assigned.