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South African Maritime Safety Authority Act, 1998 (Act No. 5 of 1998)

Chapter 4 : Finance

Part 1 : General

42. Authority may give security

 

The Authority may give security over the whole or part of its assets for—

(a) the compliance by the Authority with any obligation incurred under section 39 or 40; or
(b) the payment to the State of amounts equal to amounts paid by the State under a guarantee under section 41.

 

 


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