(1) The creditor or owner under a regulated agreement is not entitled, by reason of the death of the debtor or hirer, to do an act specified in paragraphs (a) to (e) of section 87(1) if at the death the agreement is fully secured.
(2) If at the death of the debtor or hirer a regulated agreement is only partly secured or is unsecured, the creditor or owner is entitled, by reason of the death of the debtor or hirer, to do an act specified in paragraphs (a) to (e) of section 87(1) on an order of the court only.
(3) This section applies in relation to the termination of an agreement only where-
(a) a period for its duration is specified in the agreement, and
(b) that period has not ended when the creditor or owner purports to terminate the agreement, but so applies notwithstanding that, under the agreement, any party is entitled to terminate it before the end of the period so specified.
(4) This section does not prevent the creditor from treating the right to draw on any credit as restrict
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