| Value of charge |
| Value of charge or pledge |
| 7.—(1) Subject to paragraph (2), where a charge has been created over any immovable property owned by a member or his spouse or both of them jointly under section 21, 21A or 21B of the Act, the value of the charge for the purposes of section 15(6) of the Act shall be equal to the minimum sum applicable to that member. [S 759/2005 wef 01/12/2005]
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