there is created by force of this section, on the making of the order
referred to in paragraph (b), a charge on all the property to which the
restraining order applies to secure the payment to a public authority or
person of the amount referred to in section 246 or 247.
(2) When charge
ceases to have effect Such a charge ceases to have effect in respect of the
property--
(b) on the sale or other disposition of the
property with the consent of the court, or
(c) on the sale of the property to
a purchaser in good faith for value who, at the time of the sale, has no
notice of the charge,
whichever first occurs.
(3) Charge is subject to
existing charges and encumbrances Such a charge is subject to every charge or
encumbrance to which the property was subject immediately before the order
referred to in subsection (1) (b) was made and, in the case of land under the
provisions of the Real Property Act 1900, is subject to every mortgage, lease
or other interest recorded in the Register kept under that Act.
(4) Charge
not affected by change of ownership Such a charge is not affected by any
change of ownership of the property, except as provided by subsection (2).
(5) Registration of charge is notice If--
(a) such a charge is created on
property of a particular kind and the provisions of any law of the State
provide for the registration of title to, or charges over, property of that
kind, and
(b) the charge is so registered,
a person who purchases or
otherwise acquires the property after the registration of the charge is, for
the purposes of subsection (2), taken to have notice of the charge.
(6)
Charge on RP land not effective until registered If such a charge relates to
land under the provisions of the Real Property Act 1900, the charge has no
effect until it is registered under that Act.