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Section 44: Special privilege

Sugar Insurance Fund Act · PART VII: MISCELLANEOUS

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

44. Special privilege (1) The Board shall have a special privilege ranking before any other privilege conferred under any enactment and operating independently of inscription, on all sugar deposited in any place in the name of the Syndicate in respect of— (a) any amount due to the Board in respect of a general insurance premium or a fire insurance premium by an insured; and (b) any amount unduly paid to an insured by the Board by way of compensation for any crop year. (2) The Syndicate, a co-operative society shall, on a request in writing from the Board and without incurring any liability to the insured, deduct from any money payable to an insured the amount due by or overpaid to him under subsection (1) and shall pay that amount to the Board. [S. 44 amended by s. 11 of Act 1 of 2012 w.e.f. 12 May 2012; s. 13 (2) (c) of Act 5 of 2014 w.e.f. 20 August 2014.]

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