Section 41. Existing loans and securities to continue
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Act
Major Port Authorities Act, 2021
Section number
41
Section reader
The Major Port Authorities Act, 2021
41. Existing loans and securities to continue.-
Notwithstanding anything contained in this Act, all loans raised or borrowed and all securities issued or pledged in relation to a Major Port prior to the commencement of this Act shall continue to be governed in accordance with the provisions of the Major Port Trusts Act, 1963 (38 of 1963).
