Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 December 2009 - onwards
Version 2 of 2
140. Power to discharge prior charge.
Where an acquired bank asset is secured by a charge (including a charge that is a collateral security), but the charge is a second or subsequent charge, NAMA may redeem or discharge any one (or more) of the prior charges in accordance with its terms.