Part III Debenture StockC1
- 22Regulations as to creation and issue of debenture stock.
- 23Debenture stock to be a prior charge.
- 24Interest on debenture stock to be a primary charge.
- 25Payment of arrears may be enforced by appointment of Receiver or Judicial Factor.
- 26Mode of appointing Receiver or Judicial Factor.
- 27Arrears may be recovered by action or suit.
- 28Debenture stock to be registered.
- 29Company to deliver certificate to holders of debenture stock.
- 30Mortgages, not affected by this Act.
- 31Holders of debenture stock not to vote.
- 32Application of money raised.
- 33Separate accounts of debenture stock.
- 34Borrowing powers extinguished to extent of debenture stock.
- 35Application of Part III. to mortgage preference stock, and funded debt.
Annotations
Modifications
- C1
Pt. III (ss. 22-35) excluded (5.7.1994) by 1994 c. viii, s. 11
Pt. III (ss. 22-35) incorporated in part (5.7.1994) by 1994 c. viii, s. 4(1)(b)(v)