72
In forceConsequence of exercising powers under mortgage
Chapter 2Distribution of covered gases
Part 1Distribution authorities
Division 4Dealings with distribution authority
Subdivision 3Mortgages
72 Consequence of exercising powers under mortgage
If a mortgagee under a mortgage over a distribution authority exercises any power under the mortgage relating to the authority, this Act applies to the mortgagee as if the mortgagee were the distributor under the authority.
This Act’s bill:Explanatory memorandum
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