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Section 8

Register of Stock

of Loan (Local) Act 1961

ActIn forceProvision 8 of 14
Section 8

(1)

All stock issued under this Act shall be entered in a register to be kept for the purpose by the Bank in such form as may from time to time be approved by the Governor.

(2)

All stock issued under this Act, and the right to receive the principal moneys and interest represented thereby, shall be transferable by an instrument of transfer registered by the Bank.

(3)

No stock issued under this Act shall be registered except in the name of an individual person or persons or of a corporation.