State Energy Commission (Bearer Debenture and Inscribed Stock) Regulations 1980

21/Nov/2003 - Current (at 31 Dec 2005)
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    4. Debentures

    (1) A debenture issued under these regulations shall be in a form substantially complying with Form No. 1 in the Schedule.

    (2) Debentures shall be numbered consecutively in an arithmetical progression whereof the common difference is one.

    (3) A debenture with the interest coupons annexed thereto, and every interest coupon after being detached therefrom, shall pass by delivery and without any assignment or endorsement.

    (4) The bearer of a debenture or detached interest coupon shall have the same rights as if he were expressly named as payee therein.

    (5) No interest shall be payable in respect of a debenture, except to the holder of the coupon representing the interest claimed upon delivery of that coupon.

    [Regulation 4 amended in Gazette 15 Jul 1983 p. 2575.]

Note: This is not an authorised version. The only authorised version is the hardcopy (printed) version published under authority of the Government Printer, available from the State Law Publisher, 10 William St Perth W.A. 6000.