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In This Volume

  • 239 (1) An instrument that contains a floating charge on land must not be registered unless
  • (a) it is attached as a schedule to an approved form of mortgage where, in addition to the floating charge, the instrument also creates a mortgage of specific land, or
  • (b) [Not in force].
  • (2) In the circumstances described in subsection (1)(a), the parties must, in the manner approved by the director, indicate that the mortgage contains a floating charge.

1979-219-219.92; 1989-69-26, part effective April 1, 1990 (B.C. Reg. 53/90) [1989-69-26, the portion enacting s. 219.92(1)(b) and (3) not in force.]; 2004-66-98 and 2004-66-111, effective January 20, 2005 (B.C. Reg. 16/2005).

CROSS REFERENCES AND OTHER SOURCES OF INFORMATION

See s. 203 of the Act and the discussion included under it for details on the registration of crystallized floating charges, whether together with or independent of a mortgage of specific land.