38. Repayment of principal
(1) Stock shall be redeemable by payment in accordance with the provisions of the prospectus inviting applications to purchase stock.
(2) Stockholders may, by agreement with the Registrar, arrange for repayment, when due, of the principal sum into a bank account.
(3) Subject to any requirement of the Registrar made pursuant to regulation 19(3), any one of the persons in whose names stock is inscribed may give a valid receipt for payment in redemption of stock.