Malaysia legislation
Section 11
Section 11
(a)
on such dates as may be specified in the prospectus; or
(b)
where the prospectus provides that the stock is redeemable at the election of the Minister, on the earlier of the following dates:
(i)
the date of maturity; or
(ii)
the date of a call for redemption before maturity, to the extent to which such call is made, in accordance with the terms set out in the prospectus, after which dates all the interest on the principal moneys represented thereby shall cease and determine, whether payment of such principal moneys shall have been demanded or not.
(i)
(ii)
Loan (Local) 19
(2)
Notwithstanding subsections 8A(5), 8B(4) and 11(1), where stock is redeemable at the election of the Minister and a call for redemption is made for only part of the stock, only such part of the stock as has been called for redemption shall be redeemable on the date of the call.
Power to purchase and cancel stock