Maintenance Act, 1998
R 385
"extinguish"
means, save as is specifically provided in this Act—
| (a) | the cessation of all rights and obligations inherent to, or resulting from, a credit agreement; and |
| (b) | the cessation of any rights or obligations that may arise in law, whether statutory or otherwise, because of the cessation contemplated in paragraph (a), |
prospectively from the date on which the act of extinguishment becomes effective;
[Definition inserted by section 1(c) of Notice No. 1081, GG 42649, dated 19 August 2019]
