OpenLegislation

Part III Debenture StockC1

  1. 22Regulations as to creation and issue of debenture stock.
  2. 23Debenture stock to be a prior charge.
  3. 24Interest on debenture stock to be a primary charge.
  4. 25Payment of arrears may be enforced by appointment of Receiver or Judicial Factor.
  5. 26Mode of appointing Receiver or Judicial Factor.
  6. 27Arrears may be recovered by action or suit.
  7. 28Debenture stock to be registered.
  8. 29Company to deliver certificate to holders of debenture stock.
  9. 30Mortgages, not affected by this Act.
  10. 31Holders of debenture stock not to vote.
  11. 32Application of money raised.
  12. 33Separate accounts of debenture stock.
  13. 34Borrowing powers extinguished to extent of debenture stock.
  14. 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)