Full legislation
s.20B
Provisions supplementary to sections 20 and 20A
(1)
A charging order may be made either absolutely or subject to conditions as to
notifying the debtor or as to the time when the charge is to become enforceable, or
as to other matters.
(2)
The Land Registration Ordinance (
Cap. 128
) shall
apply in relation to charging orders as it applies in relation to other orders or
writs issued or made for the purpose of enforcing judgments.
(3)
Subject to the provisions of this Ordinance, a charge imposed by a charging
order shall have the like effect and shall be enforceable in the same courts and in
the same manner as an equitable charge created by the debtor by writing under his
hand.
(4)
The Court of First Instance may at any time, on the application of the debtor
or of any person interested in any property to which the order relates, make an
order discharging or varying the charging order.
(Amended
25 of 1998 s. 2
)
(5)
In the case of a charging order registered pursuant to the Land Registration
Ordinance (
Cap. 128
), if an order under subsection (4)
discharging the charging order is made, the Land Registrar shall on the filing with
him of a memorial and an office copy of such order, enter a discharge of such
charging order on the register, and may issue certificates of such entry.
(Amended
8 of 1993 s. 3
)