# Finance Act 1968, Paragraph 7

Extent: E+W+S+N.I.

... After a Bond has qualified for its first draw it will be included in each succeeding draw, unless it has been repaid before the first day of the month in which the draw is held or (subject to the provisions of paragraph 15 below) the registered holder has died before the first day of a period of twelve consecutive calendar months preceding the month in which the draw is held.

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Source: https://www.legislation.gov.uk/ukpga/1968/44/schedule/18/paragraph/7 (the official version)
Page: https://openlegislation.uk/finance-act-1968/schedule-18/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.