26
CurrentSecurity
Part 4Borrowing
26 Security
A corporation or subsidiary may give security over the whole or any part of its assets for—
(a)
the repayment of money borrowed under section 24 or section 25 (1) (a) and the payment of interest on money so borrowed; or
(b)
the payment of money (including any interest) that the corporation or subsidiary is liable to pay in relation to money raised under section 25.
This Act’s bill:Explanatory statement
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