691. Deposit of debentures to secure advances

Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right

Where an LLP has deposited any of its debentures to secure advances from time to time on current account or otherwise, the debentures are not treated as redeemed by reason only of the LLP's account having ceased to be in debit while the debentures remained so deposited.