Versions

 

172. Priority of Collateral Security Arrangement over unpaid vendor's lien

Past version: effective from 20/10/2015 - 19/10/2015
To view other versions open the versions tab on the right

Where property subject to an unpaid vendor's lien becomes subject to a Collateral Security Arrangement, 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.