[F19BRestriction on creation of floating charges.U.K.
(1)A building society shall not create a floating charge on the whole or part of its undertaking or property.
(2)A floating charge created in contravention of this section shall be void.]
Textual Amendments
F1S. 9B inserted (9.6.1997) by 1997 c. 32, s. 11; S.I. 1997/1427, art. 2