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Article 19 Appropriation of financial instrument with prior agreement

Original text. Later amendments are not shown.

(1)

This article applies where—

(a)

a provider and a secured creditor have entered into an agreement under section 74(1) of the Act (appropriation with prior agreement), and

(b)

any or all of the property to which the agreement relates is a financial instrument.

(2)

Section 74(7)(d) and (8) of the Act does not apply in relation to the financial instrument.