Section 34 Borrowing powers extinguished to extent of debenture stock.
The powers of borrowing and re-borrowing by the company shall, to the extent of the money raised by the issue of debenture stock, be extinguished.
Notes on Part III
Modifications
- C1
Pt. III (ss. 22-35) excluded (5.7.1994) by 1994 c. viii, s. 11
Pt. III (ss. 22-35) incorporated in part (5.7.1994) by 1994 c. viii, s. 4(1)(b)(v)