ADVOKS GLOBAL · KENYA
Specific Loan (Commonwealth Development Corporation) Act
10. Closing of register
Edition: 1964-09-29 · In force
10. Closing of register
(1)The Permanent Secretary may, for a period not exceeding fourteen days before each payment of interest on any bonds registered under this Act, close the register of those bonds as regards transfers upon giving not less than seven days’ the Gazette and a newspaper circulating in Kenya.(2)The persons who on the day of such closing are registered as bond holders shall, as between themselves and their transferees, be entitled to the interest then next payable on the bonds.