sec.19Applications for registration of assignments of registered security interests

sec.19 Applications for registration of assignments of registered security interests

This section applies if, after the application closing time, the chief executive receives an application for the registration of an assignment of a registered security interest. Despite sections 16 and 17 of the existing Act, the chief executive— can not deal with the application after the application closing time; and must refund any fee that accompanied the application. (sec.19-ssec.1) This section applies if, after the application closing time, the chief executive receives an application for the registration of an assignment of a registered security interest. (sec.19-ssec.2) Despite sections 16 and 17 of the existing Act, the chief executive— can not deal with the application after the application closing time; and must refund any fee that accompanied the application.

• (a) can not deal with the application after the application closing time; and
• (b) must refund any fee that accompanied the application.