CONVEYANCING AND PROPERTY (AMENDMENT) Ord. No. 31/88
before crystallisation of the floating charge, whether or not the other person had actual or constructive notice of the floating charge or of any such purported restriction.
(2) This section applies to any floating charge granted on or after 1 November 1984.”.
A149
21. Section 58(9) of the principal Ordinance is amended by deleting Amendment of "This section" and substituting the following—
"Except in subsection (4), this section".
section 58.
22. Section 60(3) of the principal Ordinance is amended by deleting Amendment of "land" and substituting the following---
"property".
23. Section 62 of the principal Ordinance is amended-
(a) in subsection (3), by inserting, immediately after "on a mort-
gagor", the following-
"or lessee"; and
(b) in subsection (4), by deleting "or a mortgage”.
section 60.
Amendment of section 62.
24. Part I of the First Schedule to the principal Ordinance is Amendment of amended
(a) by deleting the title and substituting the following-
“IMPLIED COVENANTS IN ANY ASSIGNMENT OF LAND”;
(b) in sub-part A-
(i) by deleting "a portion of the Crown rent being apportioned on the land" and substituting the following—
"the land being partitioned by assignment";
(ii) by inserting, immediately after "in the Crown lease", the following-
"and any Deed of Mutual Covenant"; and
(iii) by deleting "and shall from the date aforesaid" to the end
of the sub-part; and
(c) in sub-part B-
(i) by inserting, immediately after "in the Crown lease", the
following-
"and any Deed of Mutual Covenant"; and
(ii) by deleting "and also will from time to time" to the end of the sub-part.
Part I of the
First Schedule.
25. Paragraph 2 of Part II of the First Schedule to the principal Amendment of Ordinance is deleted and replaced by the following-
"2. That, so far as the same relate to the land assigned—
(a) the premium or other money (if any) and the Crown rent payable under and reserved by the Crown lease have been paid; and
Part II of the
First Schedule.