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Section 13: Interest on stock

Loans Act · PART III: RAISING OF OTHER LOANS

consolidated text (as at 2007). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

13. Interest on stock (1) The interest on the principal money represented by stock shall run from the date of issue of the stock and shall be payable half-yearly, in such manner as the Bank may determine, on the date specified in the certificate. (2) On and after the redemption date, no interest shall be earned on the principal money represented by stock.

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