Agricultural Credit Act, 1978

Priorities of chattel mortgages.

[cf. 1947, s. 32.]

34.—(1) Chattel mortgages shall have priority in accordance with the times at which they are respectively registered under this Part.

(2) Stock comprised in a specific chattel mortgage or in a floating chattel mortgage which has become fixed shall not be deemed to be in the possession, order or disposition of the mortgagor within the meaning of the Irish Bankrupt and Insolvent Act, 1857.