# Social Security Act 1975, Paragraph 3


(1) The relevant enactments relating to the remedies of debenture holders and chargees are the following—
(a) section 94 of the Companies Act 1948 ; and
(b) section 19 of the 1972 c. 67.Companies (Floating Charges and Receivers) (Scotland) Act 1972.
(2) For the operation of those enactments, " the relevant event" in section 153(2) is to be construed as follows—
(a) where a receiver is appointed on behalf of debenture holders or by or on the application of the holders of a floating charge, it means that appointment; and
(b) where possession of any property is taken by or on behalf of debenture holders or the holders of a floating charge, it means that taking of possession.

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Source: https://www.legislation.gov.uk/ukpga/1975/14/schedule/18/paragraph/3 (the official version)
Page: https://openlegislation.uk/social-security-act-1975/schedule-18/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.