| Flats, houses or other buildings not to be attached, etc., and no trust in respect thereof to be created without approval of Board |
| Property not to be used as security or attached, etc., and no trust in respect thereof to be created without approval of Board |
| 51.—(1) Subject to subsections (4) and (4A), any contract or agreement to directly or indirectly use protected property (or the proceeds of sale of protected property) as security or collateral for any debt, obligation or claim shall be null and void. [Act 35 of 2020 wef 08/01/2021]
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