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The Bangladesh Small and Cottage Industries Corporation Act, 1957

( ACT NO. XVII OF 1957 )

Security for loans or subscriptions
26. No loan or subscription shall be made unless it is fully secured by pledge, mortgage, hypothecation or assignment of such property, movable or immovable, and of such value in proportion to the loan or subscription as may be prescribed:
Provided that where the loan or subscription is made to an individual and does not exceed one thousand Taka in the aggregate, it may be secured by a bond with one surety.

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