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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 52

Interest to cease on expiration of notice to pay off mortgage or bond.

52. If the company shall have given notice of their intention to pay off any
such mortgage or bond at a time when the same may lawfully be paid off by
them, then at the expiration of such notice all further interest shall cease
to be payable on such mortgage or bond, unless, on demand of payment made
pursuant to such notice, or at any time thereafter, the company shall fail to
pay the principal and interest due at the expiration of such notice on such
mortgage or bond.


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© 1845 Crown Copyright

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