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Section 14: Closing of register

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.

14. Closing of register (1) The Bank may, on giving not less than 7 days’ notice in the Gazette, close the register for a period not exceeding 14 days immediately preceding the date of each payment of interest on any stock. (2) No transfer of stock shall be entered in the register while it is closed. (3) Any person who, on the day of the closing of the register, is a stockholder shall be entitled to the interest next payable on the stock.

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