Document ID: chunk:federal_register_of_legislation:C2025C00162:section:1061zzco
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 1061ZZCO
Character Range: 1567862–1568561

1061ZZCO  Rights and liabilities of participating corporation if repayment made
 (1) This section applies if, immediately after a repayment is made under a financial supplement contract made by a participating corporation, the total of the amounts repaid and the amounts notionally repaid is equal to or exceeds the principal sum.
 (2) The corporation's rights under the contract are, by this subsection, transferred to the Commonwealth immediately after the repayment is made.
 (3) If the total of the amounts repaid and the amounts notionally repaid exceeds the principal sum, the corporation must pay the excess to the Commonwealth.

Subdivision C—What happens at the end of the contract period