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This entry was published on 2014-09-22
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Early maturity
State Finance (STF) CHAPTER 56, ARTICLE 16
§ 241. Early maturity. Unless otherwise agreed to by the corporation,
the linked deposit shall automatically mature on the thirtieth calendar
day after the occurrence of any event, monetary or non-monetary, which,
whether declared by the lender or not, constitutes a default under any
term or terms of the linked loan and such default remains uncured as of
such thirty calendar days. Upon early repayment of a linked loan, the
linked deposit shall automatically mature with payment due to the
corporation on or before the last day of the month in which prepayment