Sri Lanka Consolidated Acts

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Registered Stock And Securities (Amendment) Act (No. 32 of 1995) - Sect 11

Replacement of section 38 of the principal enactment

11. Section 38 of the principal enactment is hereby repealed and the following section substituted therefor:-
38. On the surrender to the Registrar of a stock certificate, promissory note, bearer bond, or treasury bon which is defaced or damaged or of a promissory note in which the spaces provided for endorsement have as been used for that purpose or of a treasury bond or treasury bond at the end of the period which the interest-coupons originally attached to the bond were intended to cover the Registrar may, if he is satisfied that the claim of the person surrendering the certificate, note or bond is just and lawful issue to such person on payment of the prescribed fee, if any, a new certificate, note, or bond of the same class series and value and thereupon cancel the certificate, note or bond surrendered to him for renewal".


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