70 Interpretation for Chapter II
Insolvency Act 1986 (1986 c 45) | Legislation

70  Interpretation for Chapter II

(1)     In this Chapter, unless the contrary intention appears, the following expressions have the following meanings respectively assigned to them—

“company” means an incorporated company (whether or not [a company registered under the Companies Act 2006]) which the Court of Session has jurisdiction to wind up;

“fixed security”, in relation to any property of a company, means any security, other than a floating charge or a charge having the nature of a floating charge, which on the winding up of the company in Scotland would be treated as an effective security over that property, and (without prejudice to that generality) includes a security over that property, being;

[(a)]     a heritable security within the meaning of the Conveyancing and Feudal Reform (Scotland) Act 1970; [or

(b)     a statutory pledge within the meaning given by section 113(1)

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