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Nov 19, 2021 · Appeal from – In re Yorkshire Woolcombers Association Ltd CA 2-Jan-1903. Nature of Company’s Debenture Charge. The court considered the nature of a debenture charge. Romer LJ said: ‘I certainly do not intend to attempt to give an exact definition of the term ‘floating charge’, nor am I prepared to say that there will not be a floating ...
- Illingworth V Houldsworth
Appeal from – In re Yorkshire Woolcombers Association Ltd CA...
- Illingworth V Houldsworth
Illingworth v Houldsworth [1904] AC 355 (known as or Re Yorkshire Woolcombers Association in the Court of Appeal) is a UK insolvency law case, concerning the taking of a security interest over a company's assets with a floating charge.
By a trust deed of April 23, 1900, the Yorkshire Woolcombers Association, Limited, specifically mortgaged all its freehold and leasehold properties to trustees to secure its debenture stock, and, as beneficial owner, charged in favour of the trustees “by way of floating security all its other property and assets both present and future, and its ...
Get free access to the complete judgment in Houldsworth and Another v. The Yorkshire Woolcombers' Association, Ltd, and Illingworth on CaseMine.
Dec 15, 2021 · Appeal from – In re Yorkshire Woolcombers Association Ltd CA 2-Jan-1903. Nature of Company’s Debenture Charge. The court considered the nature of a debenture charge.
BY a trust deed of 1900 the Yorkshire Woolcombers Association specifically mortgaged its freeholds and leaseholds to secure its debenture stock, and charged in favour of the trustees, by way of floating security, all its other property and assets both present and future and its undertaking, but not its uncalled capital.
The following Banking & Finance practice note provides comprehensive and up to date legal information on Fixed and floating charges—key cases.
