91Effective registration of statutory pledge
This section has no associated Explanatory Notes
(1)The registration of a statutory pledge is ineffective if—
(a)the entry made up for the statutory pledge in the statutory pledges record—
(i)does not include a copy of the constitutive document, or
(ii)is, at the time of registration, seriously misleading as a result of an inaccuracy or inaccuracies in it, or
(b)the constitutive document is invalid.
(2)But subsection (1)(a)(ii) is subject to section 94(1)(c) and (d).
(3)Where the registration of a statutory pledge is ineffective by virtue of subsection (1), it becomes effective if and when the entry is corrected.