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Section 5 Duty of Corporation to pay their way.

England, Wales and Scotland

It shall be the duty of the Corporation to perform their functions in such manner as appears to them best calculated to secure the avoidance of default being made in the discharge, as regards any loan made to them before or after the commencement of this Act, of their obligations with respect to repayment of the principal of the loan and the payment of interest on any sum for the time being outstanding in respect of it.

Notes on the whole Act

Textual amendments

F1

Act repealed (5.11.1993) by 1993 c. 50, s. 1(1), Sch. 1 Pt.IX.