Section 26: Replacement of certificates and Bills
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.
26. Replacement of certificates and Bills
(1) Where the Bank is satisfied that a certificate, Bill or Note is damaged
or defaced, it may cancel it and issue a new certificate, Bill or Note.
(2) Where the Bank is satisfied that a certificate, Bill or Note has been
lost or destroyed before its redemption date, it may, subject to subsection (3), issue a new certificate, Bill or Note.
(3) Before issuing a new certificate, Bill or Note under subsection (2), the
Bank may require the person entitled to it—
(a) to give notice of the loss or destruction in 2 daily newspapers
approved by the Bank; and
(b) to give security to its satisfaction to indemnify the Government
for any loss which the Government may incur in respect of the
certificate, Bill or Note alleged to have been lost or destroyed.
[S. 26 amended by s. 6 of Act 6 of 2004 w.e.f. 15 May 2004.]