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What happens if the Secured Party is an Inactive Corporation and is unable to execute the Discharge of Security Notice?

April 26, 2017corporation Discharge execute happens Notice party secured security

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What happens if the Secured Party is an Inactive Corporation and is unable to execute the Discharge of Security Notice?

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The Security Notice can be cancelled by way of a Statutory Declaration or a Court Order in accordance with Sections 98 and 99 of the Mines and Minerals Act.