Financial Intermediaries Act 1996
sec.250Guarantees
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sec.250 Guarantees
A guarantee executed under part 7 of the previous law and in force immediately before the commencement continues in existence and is taken to have been executed under this Act. Subsection (1) applies subject to section 179. (sec.250-ssec.1) A guarantee executed under part 7 of the previous law and in force immediately before the commencement continues in existence and is taken to have been executed under this Act. (sec.250-ssec.2) Subsection (1) applies subject to section 179.