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The Law Commission

the law Commission (LAW COM No 296)COMPANY SECURITY INTERESTSP resented to the Parliament of the United Kingdom by the Secretary of Statefor Constitutional Affairs and Lord Chancellor by Command of Her MajestyAugust 2005Cm 6654 Law Commission was set up by the law Commissions Act 1965 for the purpose ofpromoting the reform of the law Commissioners are:The Honourable Mr Justice Toulson, ChairmanProfessor Hugh Beale QC, FBAMr Stuart BridgeDr Jeremy HorderProfessor Martin Partington CBEThe Chief Executive of the law Commission is Mr Steve Law Commission is located at Conquest House, 37-38 John Street, TheobaldsRoad, London WC1N terms of this report were agreed on 7 July text of this report is available on the Internet at: LAW COMMISSIONCOMPANY SECURITY INTERESTSCONTENTSP aragraph PageSummaryxTerms and abbreviations used in this reportxvPART 1: of 2002 and 2004 consultation to the Consultative of that were not widely of our features of the scheme we of the , unincorporated businesses, and statement of the law of security over personal of this PagePART 2: THE BUSINESS scheme for company savings and current cost of of documents of particulars the development of electronic the time-limit for benefits and clauses with uncertain financial on the scheme for company further of 3: THE CORE SCHEME FOR COMPANY and and

ii The Law Commission was set up by the Law Commissions Act 1965 for the purpose of promoting the reform of the law. The Law Commissioners are: The Honourable Mr Justice Toulson, Chairman Professor Hugh Beale QC, FBA

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