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Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System

Version of section 60 from 2006-03-22 to 2012-08-16:


Marginal note:Return of payment items

 The clearing agent in respect of which the indirect clearer is in default shall return, in accordance with the rules, all payment items that it is able to return, including those not giving rise to clearing through the ACSS, that are drawn on or payable by the indirect clearer that is in default.


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