CTHRepealedAct
Securities Industry Act 1980
122UNo claim in respect of money lent to dealer
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##### 122U No claim in respect of money lent to dealer
Where, as at the time when a dealer becomes insolvent:
(a) a person has lent money to the dealer; and
(b) the liability of the dealer to repay the money remains undischarged;
this Division does not, by reason of the dealer having become insolvent at that time, entitle the person to make a claim in respect of the money.