Section 15: Redemption of stock
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.
15. Redemption of stock
(1) Subject to subsection (2), stock which is not converted under section 16 shall be redeemable at par on the redemption date.
(2) The Minister may reserve the option to redeem any stock before the
redemption date on such conditions as may be stipulated at the time of issue
of the stock.
(3) On repayment of the principal money represented by stock, the certificate shall be surrendered to, and cancelled by, the Bank.