# Companies Clauses Act 1863, 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.

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Source: https://www.legislation.gov.uk/ukpga/Vict/26-27/118/section/34 (the official version)
Page: https://openlegislation.uk/companies-clauses-act-1863/section-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.