Paragraph 9 Position of guarantor of affected person's liabilities under a security issued by the person
United Kingdom
In section 193 (interaction between claims under sections 184 and 192(1))—
(a)
in subsection (1)—
(i)
in paragraph (a), for “issuing company” substitute “borrower”,
(ii)
for paragraph (b) substitute—
“(b)another person (“the lender”)”, and
(iii)
in the words after paragraph (b), for “security” substitute “borrowing transaction”,
(b)
in subsection (2) in paragraph (b), for “lending company” substitute “lender”,
(c)
in subsection (3) for “lending company’s” substitute “lender’s”, and
(d)
in subsection (4)—
(i)
in paragraph (a), for “lending company” substitute “lender”, and
(ii)
in paragraph (b), for “lending company’s” substitute “lender’s”.