338 Meaning of company replacing another as party to loan relationship
Corporation Tax Act 2009 (2009 c 4) | Legislation

338  Meaning of company replacing another as party to loan relationship

(1)     References in this Chapter to one company (“A”) replacing another company (“B”) as a party to a loan relationship include references to A becoming a party to a loan relationship which—

(a)     confers rights within subsection (2),

(b)     imposes obligations within subsection (2), or

(c)     both confers such rights and imposes such obligations.

(2)     Rights or obligations

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