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INDUSTRIAL ASSURANCE (NORTHERN IRELAND) ORDER 1979 - SECT 17



17.(1) Subject to paragraph (2), an industrial assurance company shall not
issue any debentures or debenture stock, or raise any loan, charged or
purporting to be charged on any assets of the company in which the industrial
assurance fund is invested, and any such charge shall be void.

(2) Paragraph (1) does not apply to a temporary bank overdraft.



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© 1979 Crown Copyright

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