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(1) When a renewed debenture has been issued under section 166 in favour of any person, the debenture so issued shall bedeemed to constitute a new contract between the 2Corporation and such person and all persons deriving title thereafter through him.\br@s (2) No such renewal shall affect the rights as against the 2Corporation of any other person to the debenture so renewed.\br@s
(1) When a renewed debenture has been issued under section 166 in favour of any person, the debenture so issued shall bedeemed to constitute a new contract between the 2Corporation and such person and all persons deriving title thereafter through him.\br<span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>@s (2) No such renewal shall affect the rights as against the 2Corporation of any other person to the debenture so renewed.\br<span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>@s<br>