[(1) Subsection (5) applies if the statement set out in subsection (2) and the particulars set out in subsection (4) are delivered to the registrar with respect to a registered charge.
(2) The statement referred to in subsection (1) is a statement to the effect that—
(a) the debt for which the charge was given has been paid or satisfied in whole or in part, or
(b) all or part of the property or undertaking charged—
(i) has been released from the charge, or
(ii) has ceased to form part of the company's property or undertaking.
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