# Loan Societies Act 1840 (repealed 19.11.1998), Section 15: Securities not transferable.

Extent: E+W

No note of hand, bill, or other security for the payment of money taken by any such society shall be transferable by endorsement or otherwise to any person or party whomsoever; nor shall any such note, bill, or other security be sued upon by any person or party other than the society to whom the same shall have been made.

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Source: https://www.legislation.gov.uk/ukpga/Vict/3-4/110/section/15 (the official version)
Page: https://openlegislation.uk/loan-societies-act-1840-repealed-19111998/section-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.