OpenLegislation

Article 18 Power to repay debts

Original text. Later amendments are not shown.

Subject to the provisions of any agreement between the Trust and the lender, the Trust may repay any sum lent to it prior to the due date for payment, whether or not demand has been made by the lender, provided that such repayment has been approved at a duly constituted meeting of the Trustees by not less than three-quarters of the Trustees present and voting at such meeting.