Commonwealth Numbered Acts

COMPANIES ACT 1981 No. 89 of 1981 - SECT 452

452. A floating charge on the undertaking or property of the company created
within 6 months before the commencement of the winding up is, unless it is
proved that the company immediately after the creation of the charge was
solvent, invalid except to the amount of any moneys paid to the company at the
time of or subsequently to the creation of and in consideration for the charge
together with interest on that amount at the rate of 8% per annum or at such
other rate as is prescribed.