xmlns:atom="http://www.w3.org/2005/Atom"

Part 19Debentures

Supplementary provisions

753Deposit of debentures to secure advances

Where a company has deposited any of its debentures to secure advances from time to time on current account or otherwise, the debentures are not treated as redeemed by reason only of the company’s account having ceased to be in debit while the debentures remained so deposited.