# The Mortgaging of Aircraft Order 1972, Article 16


(1) The provisions of the Bills of Sale Acts 1878 and 1882 and the Bills of Sale (Ireland) Acts 1879 and 1883 insofar as they relate to bills of sale and other documents given by way of security for the payment of money shall not apply to any mortgage of an aircraft registered in the United Kingdom nationality register, which is made on or after 1st October 1972.
(2) Section 95(2)(h) of the Companies Act 1948, section 106A(2)(d) of that Act as set out in the Companies (Floating Charges) (Scotland) Act 1961 or any re-enactment thereof and section 93(2)(h) of the Companies Act (Northern Ireland) 1960 shall have effect as if after the word “ship” where it first occurs in each case there were inserted the words “or aircraft”:
Provided that nothing in this paragraph shall render invalid as against the liquidator or creditor of the company, any mortgage or charge created by a company before the date on which this Order comes into force which would not have been invalid against the liquidator or such a creditor if this Order had not been made.

---
Source: https://www.legislation.gov.uk/uksi/1972/1268/article/16 (the official version)
Page: https://openlegislation.uk/mortgaging-of-aircraft-order-1972/article-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.