2/3/2010 Transfer/assignment of debenture or debt Bearer debentures:transferable by delivery and not subject to equities Bechuanaland Exploration Co v London Trading Bank [1898]2 QB 658 Other debentures loans:assignment of chose in action: Legal assignments:Law Amendment and Reform(Consolidation) Ordinance s 9 Equitable assignments Assignment is subject to equities (unless agreed otherwise):Hilger Analytical Ltd v Rank Precision Industries Ltd [1984]BCLC 301 Prohibitions against assignment:Helstan Securities Ltd v Hertfordshire County Council [1978]3 All ER 262;Linden Gardens Trust Ltd v Lenesta Sludge Disposals Ltd [1994]1 AC 85 11 62/3/2010 6 11 Transfer/assignment of debenture or debt • Bearer debentures: transferable by delivery and not subject to equities  Bechuanaland Exploration Co v London Trading Bank [1898] 2 QB 658 • Other debentures I loans: assignment of chose in action:  Legal assignments: Law Amendment and Reform (Consolidation) Ordinance s 9  Equitable assignments  Assignment is subject to equities (unless agreed otherwise): Hilger Analytical Ltd v Rank Precision Industries Ltd [1984] BCLC 301  Prohibitions against assignment: Helstan Securities Ltd v Hertfordshire County Council [1978] 3 All ER 262; Linden Gardens Trust Ltd v Lenesta Sludge Disposals Ltd [1994] 1 AC 85