[859L Entries of satisfaction and release]

[859L  Entries of satisfaction and release]

[(1)     Subsection (5) applies if the statement set out in subsection (2) and the particulars set out in subsection (4) are delivered to the registrar with respect to a registered charge.

(2)     The statement referred to in subsection (1) is a statement to the effect that—

(a)     the debt for which the charge was given has been paid or satisfied in whole or in part, or

(b)     all

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