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SECTION C SECTION C

Original text. Later amendments are not shown.

The aggregate value of any mortgage finance right held by a society shall, for the purposes of section 20 of the Act, comprise the aggregate of the amounts outstanding in respect of—

(a)

the principal sum or sums the right to receive which is comprised in the mortgage finance right,

(b)

any interest payable to the Society in respect of the mortgage finance right, and

(c)

any other sum which the Society has the right to receive under the issue terms relating to the mortgage finance right.