Floating Security in United States
Floating Security Definition
A floating security is “a security on the property of the company as a going concern, subject to the powers of the directors to dispose of the property of the company while carrying on its business in the ordinary course.” 1 Ch. 434, 10 Ch. D. 530. Debentures which allow a company to deal with its assets in the ordinary course of business until the company is wound up or stops business or a receiver is appointed at the instance of the debenture holders constitute a floating security. They constitute a charge and give a license to the company to carry on its business. 2 Ch. 118, 1 Ch. 641.
Floating Security in Foreign Legal Encyclopedias
| Link | Description |
|---|---|
| Floating Security | Floating Security in the World Legal Encyclopedia. |
| Floating Security | Floating Security in the European Legal Encyclopedia. |
| Floating Security | Floating Security in the Asian Legal Encyclopedia. |
| Floating Security | Floating Security in the UK Legal Encyclopedia. |
| Floating Security | Floating Security in the Australian Legal Encyclopedia. |
For starting research in the law of a foreign country:
Browse the American Encyclopedia of Law for Floating Security
Scan Floating Security in the appropriate area of law:
| Link | Description |
|---|---|
| Floating Security | Floating Security in the Family Law Portal of the American Encyclopedia of Law. |
| Floating Security | Floating Security in the IP Portal of the American Encyclopedia of Law. |
| Floating Security | Floating Security in the Commercial Law Portal of the American Encyclopedia of Law. |
| Floating Security | Floating Security in the Criminal Law Portal of the American Encyclopedia of Law. |
| Floating Security | Floating Security in the Antritrust Portal of the American Encyclopedia of Law. |
| Floating Security | Floating Security in the Bankruptcy Law Portal of the American Encyclopedia of Law. |
| Floating Security | Floating Security in the Constitutional Law Portal of the American Encyclopedia of Law. |
| Floating Security | Floating Security in the Tax Law Portal of the American Encyclopedia of Law. |
| Floating Security | Floating Security in the and Finance and Banking Portal of the American Encyclopedia of Law. |
| Floating Security | Floating Security in the Employment and Labor Portal of the American Encyclopedia of Law. |
| Floating Security | Floating Security in the Personal Injury and Tort Portal of the American Encyclopedia of Law. |
| Floating Security | Floating Security in the Environmental Law Portal of the American Encyclopedia of Law. |
Explore other Reference Works
| Resource | Description |
|---|---|
| Floating Security in the Dictionaries | Floating Security in our legal dictionaries |
| http://lawi.us/floating-security | The URI of Floating Security (more about URIs) |
| Floating Security related entries | Find related entries of Floating Security |
Legal Issue for Attorneys
A floating security is “a security on the property of the company as a going concern, subject to the powers of the directors to dispose of the property of the company while carrying on its business in the ordinary course.” 1 Ch. 434, 10 Ch. D. 530. Debentures which allow a company to deal with its assets in the ordinary course of business until the company is wound up or stops business or a receiver is appointed at the instance of the debenture holders constitute a floating security. They constitute a charge and give a license to the company to carry on its business. 2 Ch. 118, 1 Ch. 641.
Notice
This definition of Floating Security is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.
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