Bahamas Registered Stock Act


Published: 1973-06-29

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The Bahamas Registered Stock Act
BAHAMAS REGISTERED STOCK [CH.362 – 1



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[Original Service 2001] STATUTE LAW OF THE BAHAMAS

BAHAMAS REGISTERED STOCK
CHAPTER 362

BAHAMAS REGISTERED STOCK

ARRANGEMENT OF SECTIONS
SECTION

PART I
PRELIMINARY

1. Short title.
2. Interpretation.
3. Act applicable to loans raised in The Bahamas.

PART II
POWER TO RAISE LOANS

4. Issue of registered stock for the purpose of raising authorised loans.
5. Stock to be charged upon Consolidated Fund.
6. Minister to give directions as to name of stock and other matters.
7. Treasurer to make necessary arrangements.

PART III
THE REGISTRAR

8. The Registrar.
9. Delegation by Registrar.
10. Register of stock.
11. Matters to be registered.

PART IV
REGISTERED STOCK

12. Stockholder.
13. Registration of original62 stockholders.
14. Stock certificate.
15. Transfer of registered stock.
16. Registration of transfer of stock.
17. Closing of register.
18. Register to be conclusive evidence of facts entered therein.
19. Liability of Government in respect of issue of stock.

CH.362 – 2] BAHAMAS REGISTERED STOCK





STATUTE LAW OF THE BAHAMAS [Original Service 2001]

PART V
PAYMENT OF INTEREST ON STOCK

20. Appropriation out of Consolidated Fund for payment of interest.
21. Payment of interest.
22. No interest payable on stock after date of redemption.
23. Payments.

PART VI
SINKING FUNDS AND REPAYMENT OF LOANS

24. Establishment of sinking fund.
25. Payments into sinking fund.
26. Trustees for sinking fund.
27. Trustees to hold sinking funds and other moneys in trust for redemption.
28. Investment of sinking fund.
29. Cessation of contributions to sinking fund.
30. Redemption of stock.

PART VII
CONVERSION OF LOANS, ETC., INTO STOCK

31. Power of Minister to authorise conversion of loans generally.
32. Exchange of debentures for stock.
33. Cancellation of converted debentures.

PART VIII
ISSUE OF DUPLICATES OF STOCK CERTIFICATES,

EXCHANGE AND CONSOLIDATION
34. Issue of duplicates.
35. Consolidation and subdivision of stock.
36. Indemnity bonds.
37. Summary procedure special cases.

PART IX
MISCELLANEOUS

38. Signature of person authorised to sign stock certificate may be printed.
39. Notice of trust not receivable save as provided.
40. Documents to be in prescribed form.
41. Payments of expenses incurred under this Act.
42. Payment of fees.
43. Payment of unclaimed moneys into Consolidated Fund.
44. Inspection of register and documents.
45. Regulations.
46. Saving.

BAHAMAS REGISTERED STOCK [CH.362 – 3



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[Original Service 2001] STATUTE LAW OF THE BAHAMAS

CHAPTER 362

BAHAMAS REGISTERED STOCK
An Act to make provision for the creation and issue

of registered stock for the purpose of raising loans in The
Bahamas.

[Assent 28th June, 1973]
[Commencement 29th June, 1973]

PART I
PRELIMINARY

1. This Act may be cited as the The Bahamas
Registered Stock Act.

2. In this Act, unless the context otherwise requires —
“Bank” means the Central Bank of The Bahamas as

referred to in section 3 of the Central Bank of
The Bahamas Act;

“foreign currency” means any currency other than
the currency of The Bahamas;

“Government” means the Government of The Baha-
mas;

“Minister” means the Minister of Finance;
“prescribed” means prescribed by regulations made

under this Act;
“registered stock” or “stock” means stock of The

Bahamas issued under the provisions of this Act;
“register” means the register of each issue of stock

kept under the provisions of section 10;
“Registrar” means the Registrar appointed by virtue

of section 8;
“stockholder” means a person holding registered

stock who is entered as owner thereof in the
register.

3. This Act shall be applicable only to loans raised in
The Bahamas.

10 of 1973
3 of 1974

Short title.

Interpretation.

3 of 1974, Second
Sch.
Ch. 351.

Act applicable to
loans raised in
The Bahamas.

CH.362 – 4] BAHAMAS REGISTERED STOCK





STATUTE LAW OF THE BAHAMAS [Original Service 2001]

PART II
POWER TO RAISE LOANS

4. (1) Whenever by any Act or a resolution of the
House of Assembly, authority is given to the Minister to
raise any sum of money by way of loan for any purpose
mentioned in that Act or resolution, or whenever it is
necessary to raise any sum of money for the purpose of
repaying any loan raised by the Government under this or
any other Act or a resolution of the House of Assembly,
the Minister may, from time to time, raise such sum or
any part thereof under the provisions of this Act by the
creation and issue of registered stock.

(2) Each issue of registered stock made under this
Act for the purpose of raising any specified sum of money
shall be deemed to be stock issued in respect of a separate
loan notwithstanding that the sum of money so raised is
part only of a sum of money authorised by any other Act or
a resolution of the House of Assembly to be raised by way
of a loan.

5. The principal moneys and interest represented or
secured by any registered stock issued under this Act are
hereby charged upon and shall be payable out of the
Consolidated Fund, and assets of The Bahamas.

6. (1) The Minister shall, in respect of each issue of
stock to be raised under this Act, specify by directions
published in the Gazette —

(a) the name of the stock;
(b) the amount of stock to be issued;
(c) the denominations of the stock;
(d) the rate of interest payable on the stock;
(e) the dates in each year on which the half-yearly

interest on the stock shall be payable;
(f) whether there shall be a sinking fund for the

redemption of the stock;
(g) whether all or part of the amount of the stock to

be issued may be in foreign currency;
(h) the rate at which a half-yearly payment out of

the Consolidated Fund shall be made as a
contribution to the sinking fund, if any, estab-
lished for the purpose of redeeming that stock
and the date from which such contributions shall
commence;

(i) the date of redemption of the stock;

Issue of
registered stock
for the purpose
of raising
authorised loans.

Stock to be
charged upon
Consolidated
Fund.

Minister to give
directions as to
name of stock
and other
matters.

BAHAMAS REGISTERED STOCK [CH.362 – 5



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[Original Service 2001] STATUTE LAW OF THE BAHAMAS

(2) The date of redemption of any stock shall not be
later than sixty years from the date of issue of such stock.

(3) Where the Minister deems it expedient to
reserve an option to redeem any stock at any date earlier
than the date of redemption specified for such stock by the
directions under subsection (1), he shall by such directions
further specify the terms and conditions on which such
stock may be redeemed at any earlier date.

(4) Where the Minister specifies by directions under
subsection (1) that all or part of the amount of the stock to
be issued shall be in foreign currency, the provisions of the
Exchange Control Regulations Act and of any Finance
Regulations made thereunder shall not have effect in
relation to the stock or part thereof, as the case may be,
issued under this Act in foreign currency.

7. Upon the publication under section 6 of the
directions of the Minister in respect of any stock to be
raised under this Act or a resolution of the House of
Assembly, the Treasurer may, subject to the provisions of
such directions and to such further directions as the
Minister may give in that behalf, make all such arrange-
ments with the Bank as may be necessary to raise that
stock upon the most favourable terms that can be obtained.

PART III
THE REGISTRAR

8. The Bank shall be the Registrar of each issue of
Stock.

9. (1) The Registrar may, with the approval of the
Minister, delegate any person to exercise such of the
powers or perform such of the duties conferred or imposed
on the Registrar by this Act as may be specified by
instrument in writing under the seal of the Registrar, and
thereupon the person delegated shall have and may
exercise such powers and perform such duties.

(2) The delegation by the Registrar under subsection
(1) —

(a) shall not preclude the Registrar from exercising
or performing at any time any of the powers or
duties so delegated;

Ch. 360.

Treasurer to
make necessary
arrangements.

The Registrar.
3 of 1974, Second
Sch.
Delegation by
Registrar.

CH.362 – 6] BAHAMAS REGISTERED STOCK





STATUTE LAW OF THE BAHAMAS [Original Service 2001]

(b) may be conditional, qualified or limited in such
manner as the Registrar may think fit; and

(c) may be amended at any time by the Registrar.
10. The Registrar shall keep a register of each issue

of registered stock under this Act in which all such stock
and all transfers of and all dealings in such stock shall be
registered and in which shall be entered all matters and
things which by this Act are required to be entered in the
register.

11. A copy of the documents containing the
authority for and the conditions of each issue of registered
stock shall be lodged with the Registrar by the Treasurer.

PART IV
REGISTERED STOCK

12. For the purposes of this Act, no person shall be
entitled to any registered stock unless he is registered as a
stockholder in respect thereof.

13. No person shall be registered as the original
holder of any registered stock except upon payment in full
of the purchase price of his holding in that stock.

14. (1) Subject to the provisions of subsection (2),
the Registrar shall issue to every stockholder a stock
certificate in the prescribed form.

(2) Where stock is held by two or more persons
jointly they shall nominate in the prescribed form the
person to whom the stock certificate shall be issued.

15. For the purposes of this Act the title of any
stockholder to any registered stock shall not be deemed to
be transferred to any other person save upon the execution
of such instrument of transfer as may be prescribed and
upon the registration of the transferee as the stockholder
under section 16.

16. (1) The Registrar shall not register a transfer of
stock until he has received the instrument of transfer in the
prescribed form and the stock certificate or certificates
relating to that stock.

Register of stock.

Matters to be
registered.

Stockholder.

Registration of
ordinary
stockholders.

Stock certificate.

Transfer of
registered stock.

Registration of
transfer of stock.

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[Original Service 2001] STATUTE LAW OF THE BAHAMAS

(2) Notwithstanding anything contained in subsection
(1) the Registrar may, subject to such conditions as may be
prescribed, register the transfer of stock where it is proved to
his satisfaction that the stock certificate or certificates
relating to that stock have been lost or destroyed.

17. The register shall be closed for a period not
exceeding twenty-eight days immediately preceding each
date upon which interest on that stock falls due and
interest shall be paid on the due date to every stock-holder
whose name appears in the register at the close of business
on the date preceding the commencement of that period.

18. The entries in the register kept under the
provisions of this Act shall be conclusive evidence of the
facts, matters, particulars, and transactions to which those
entries relate:

Provided that, notwithstanding the provisions of any
other Act, a copy of any entry in the register certified in
writing by or on behalf of the Registrar to be a true copy of
the original entry shall be receivable in evidence in any
judicial preceedings unless a judge of the Supreme Court
shall otherwise direct.

19. The Government shall be bound to pay to the
person registered for the time being as the stockholder the
principal sum represented by that stock and the interest due
thereon, in accordance with the provisions of this Act, at
the rate and on the dates directed by the Minister under
section 6 or in pursuance of an option to redeem such stock
reserved in such directions.

PART V
PAYMENT OF INTEREST ON STOCK

20. So long as any interest is payable under this Act
in respect of any stock, the Minister shall, in each half year
ending with the date on which the interest on such stock
falls due, appropriate out of the Consolidated Fund, a sum
sufficient to meet all interest payable on that date and shall
authorise the Treasurer to pay to the Registrar such sums
for the payment of that interest out of the sum so
appropriated.

Closing of
register.

Register to be
conclusive
evidence of facts
entered therein.

Liability of
Government in
respect of issue
of stock.

Appropriation
out of
Consolidated
Fund for
payment of
interest.

CH.362 – 8] BAHAMAS REGISTERED STOCK





STATUTE LAW OF THE BAHAMAS [Original Service 2001]

21. (1) The interest due on any registered stock
shall be payable half yearly on the dates specified by the
directions of the Minister under section 6.

(2) Where any amount has become payable on any
date as interest on any registered stock, no interest on that
amount shall, after that date, be paid or payable by the
Government to any person in any circumstances.

22. No person shall be entitled to claim interest on
any registered stock in respect of any period which has
elapsed after the earliest date on which demand could
lawfully have been made for the repayment of the principal
amount due on such stock.

23. All payments of interest and all repayments of
the principal amount due on any registered stocks shall be
made by the Registrar in Nassau:

Provided that the Registrar or any person authorised
by the Registrar in that behalf may pay any such interest
or principal amount at any other place within The
Bahamas, in pursuance of any arrangement which the
Registrar may make for that purpose.

PART VI
SINKING FUNDS AND REPAYMENT OF LOANS

24. If by directions under subsection (1) of section 6
the Minister has specified that there shall be a sinking fund
for the purpose of redeeming an issue of stock made under
this Act, the Minister shall establish a sinking fund for that
purpose with effect from the date specified under such
directions as the date from which contributions to the
sinking fund for that issue of stock shall commence.

25. The Minister shall in each half-year appropriate
out of the Consolidated Fund and cause to be paid into
each sinking fund established under section 24, a sum
determined in accordance with the rate specified by
directions under subsection (1) of section 6.

26. The Governor of the Bank and a director of the
Bank nominated by the Minister shall be the trustees of
any sinking fund established under section 24.

Payment of
interest.

No interest
payable on stock
after date of
redemption.

Payments.

Establishment of
sinking fund.

Payments into
sinking fund.

Trustees for
sinking fund.
3 of 1974, Second
Sch.

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[Original Service 2001] STATUTE LAW OF THE BAHAMAS

27. The trustees of a sinking fund established under
section 24 shall hold all moneys received by them or on
their behalf under this Act and the investments for the time
being representing those moneys in trust to apply them in
redeeming the loan for which the sinking fund was
established.

28. (1) All moneys paid into a sinking fund estab-
lished under section 24 may be invested in deposits at
interest or invested in such stock or in such other securities
or classes of securities as the trustee may, with the
approval of the Minister, decide.

(2) Subject to the approval of the Minister, the
trustees may from time to time, vary any investments made
under subsection (1) or may realise, place at interest or
reinvest any moneys invested under that subsection.

(3) The dividends, interest, bonus and other profits
of any investment of any part of any sinking fund shall,
subject to the approval of the Minister, be placed at
interest or invested by the trustees so as to form part of
that sinking fund in like manner as moneys paid under
section 25 as contributions to that sinking fund.

(4) The trustees may, at any time or times utilise the
sinking fund, or the money appropriated under section 25,
for the purchase of the stock for the redemption of which
the sinking fund was established.

(5) The trustees shall not invest any moneys contained
in a sinking fund —

(a) by way of deposit at interest; or
(b) in any stock or securities,

the date for the repayment or redemption of which is later
than the date specified by directions under subsection (1)
of section 6 for the redemption of the stock for which the
sinking fund was established.

29. Notwithstanding anything to the contrary con-
tained in this Act, if at any time the trustees are satisfied in
relation to any stock issued under the provisions of this Act
for the redemption of which a sinking fund was established
under section 24, that such sinking fund will be sufficient
with further accumulations of interest, but without further
payments under section 25, to enable the stock to be
redeemed, at the time fixed for its redemption,


Trustees to hold
sinking funds
and other
moneys in trust
for redemption.

Investment of
sinking fund.

Cessation of
contributions to
sinking fund.

CH.362 – 10] BAHAMAS REGISTERED STOCK





STATUTE LAW OF THE BAHAMAS [Original Service 2001]

they shall inform the Minister accordingly and the
Minister is hereby authorised in such event to suspend
further half-yearly payments into that sinking fund:

Provided that the payments to that sinking fund shall
be recommenced if the trustees at any time there-after
inform the Minister that they are no longer satisfied that
the sinking fund with further accumulations of interest will
be sufficient for the redemption of that stock.

30. (1) If —
(a) a sinking fund has been established under section

24 for the redemption of an issue of stock raised
under this Act; and

(b) at the date fixed for the redemption of that issue
of stock, such sinking fund is insufficient for
such redemption,

the Minister shall appropriate out of the Consolidated Fund
and pay to the Registrar a sum equivalent to the deficiency
for the purpose of redeeming that issue of stock.

(2) If a sinking fund has not been established under
section 24 for the redemption of an issue of stock raised
under this Act, the Minister shall —

(a) at the date of redemption; or
(b) if an option has been reserved under subsection

(3) of section 6 to redeem the stock earlier than
the date of redemption, at any earlier date
determined by the Minister,

appropriate out of the Consolidated Fund and pay to the
Registrar such sum as is required to redeem that stock.

PART VII
CONVERSIONS OF LOANS, ETC., INTO STOCK

31. (1) The Minister may —
(a) from time to time declare that any debentures,

loans or other securities of the Government
issued under any Act for the time being in force,
are convertible, at the option of the holders
thereof, into registered stock on such terms as he
may from time to time determine;

Redemption of
stock.

Power of
Minister to
authorise
conversion of
loans generally.

BAHAMAS REGISTERED STOCK [CH.362 – 11



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[Original Service 2001] STATUTE LAW OF THE BAHAMAS

(b) authorise the creation and issue under this Act of
registered stock —

(i) in exchange for debentures issued under
any Act for the time being in force; or

(ii) in order to raise money for the redemption
of any outstanding loans, whether issued
before or after the coming into operation of
this Act.

(2) Any conversion authorised under this section
may be effected either by arrangement with the holders of
existing securities or by the purchase thereof out of moneys
raised by the sale of registered stock, or partly in one way
and partly in the other.

32. Where debentures, loan or other securities are
exchanged for any registered stock issued under any Act
for the time being in force, the obligation imposed under
such Act to set aside sums of money, in respect of such
debentures, shall cease, and such debentures, loans or other
securities on being cancelled under the provisions of
section 33, shall be regarded for all the purposes of such
Act as if they had never been issued.

33. Every debenture, loan or security exchanged or
otherwise converted into registered stock shall be forthwith
cancelled by the Registrar and forwarded to the Treasurer.

PART VIII
ISSUE OF DUPLICATES OF STOCK CERTIFICATES,

EXCHANGE AND CONSOLIDATION
34. The Registrar may issue duplicate stock certifi-

cates in such circumstances as may be prescribed.
35. Subject to such conditions as may be prescribed,

the Registrar may on the request in writing of —
(a) a stockholder; or
(b) in the case of joint stockholders, of all the

surviving stockholders,
and on the surrender of the stock certificate or certificates
relating to such stock, consolidate or subdivide such stock
and issue to the stockholder or stockholders a new stock
certificate or certificates as may be required.

Exchange of
debentures for
stock.

Cancellation of
converted
debentures.

Issue of
duplicates.

Consolidation
and subdivision
of stock.

CH.362 – 12] BAHAMAS REGISTERED STOCK





STATUTE LAW OF THE BAHAMAS [Original Service 2001]

36. Where application is made to the Registrar under
this Act for the issue of a duplicate stock certificate or for
the exchange, consolidation or subdivision of any stock, the
Registrar may require the applicant, as a condition
precedent to the grant of the application, to execute a bond
with or without sureties undertaking to indemnify the
Government and the Registrar against the claims of all
persons claiming under the original stock certificates or
under the stock so exchanged, consolidated or subdivided,
as the case may be.

37. (1) If, within six months of the death of a person
who was entitled to registered stock the nominal or face
value of which does not in the aggregate exceed one
thousand dollars, either probate or the will or letters of
administration of the estate of such person or copies of
such probate or letters certified by a justice of the peace,
commissioner for oaths or notary public to be true copies
are not produced to the Registrar, the Attorney-General at
the request of the Registrar, shall after such inquiry as the
Attorney-General may deem necessary, determine who is
the person entitled to such stock or to administer the estate
of the deceased and thereupon the Registrar may —

(a) where any such stock relates to a loan due for
repayment, authorise the registration of the
name of such person in substitution for the
name of the deceased in the register and the
payment to such person of the amount due in
respect of that stock;

(b) where any stock relates to a loan not due for
repayment, authorise the registration of the
name of such person in substitution for the
name of the deceased.

(2) Any creditor or claimant against the estate of the
deceased may recover his debt or claim out of money paid
to any person under subsection (1) and remaining in his
hands unadministered in the same manner and to the same
extent as if the said person had obtained letters of
administration of the estate of the deceased, and nothing in
this section shall affect any claim of an executor or
administrator or other representative of the deceased
against such person other than a claim to recover amounts
lawfully paid by him in due course of administration of the
estate of the deceased.

Indemnity bonds.

Summary
procedure special
cases.

BAHAMAS REGISTERED STOCK [CH.362 – 13



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[Original Service 2001] STATUTE LAW OF THE BAHAMAS

(3) The Attorney-General may, for the purpose of
an inquiry under this section, summon before him,
administer an oath to, and examine on oath any person.

(4) Every examination on oath conducted by the
Attorney-General in accordance with the powers conferred
by subsection (3) shall be deemed to be a judicial
proceeding within the meaning of subsection (4) of section
423 of the Penal Code.

(5) The Attorney-General may authorise generally
or in any particular case, a legally qualified officer in his
Department to exercise and perform on his behalf the
powers and functions conferred or imposed on him by this
section.

PART IX
MISCELLANEOUS

38. There shall be printed, stamped, engraved or
impressed by any mechanical process on every stock
certificate the signature of a person duly authorised by the
Registrar to sign such certificate, and a signature so
printed, stamped, engraved or impressed shall be as valid
as if it had been inscribed in the proper handwriting of the
person so authorised.

39. Save as otherwise provided in or under this Act,
no notice of any trust in respect of any registered stock
shall be receivable by the Registrar or by the Government.

40. All documents or instruments made or used under
the provisions of this Act shall be in such form as may be
prescribed.

41. There shall be charged on and paid out of the
Consolidated Fund —

(a) all expenses of and incidental to
(i) any issue of Registered Stock;
(ii) the payment of interest thereon;
(iii) the repayment of the principal moneys; and

(b) all other moneys required and expenses incurred
in carrying out the provisions and objects of this
Act.

Ch. 84.

Signature of
person authorised
to sign stock
certificate may
be printed.

Notice of trust
not receivable
save as provided.

Documents to be
in prescribed
form.

Payments of
expenses incurred
under this Act.

CH.362 – 14] BAHAMAS REGISTERED STOCK





STATUTE LAW OF THE BAHAMAS [Original Service 2001]

42. All fees payable under this Act or under any
regulations made thereunder shall be payable into the
Consolidated Fund.

43. (1) Where —
(a) the principal amount of any registered stock; or
(b) the dividend or interest on any registered stock,

is due for repayment or payment, as the case may be, and
such principal amount, dividend or interest is not claimed
by a stockholder within two years from the date on which
that sum became due for repayment or payment, the sum so
unclaimed shall be paid into the Consolidated Fund.

(2) Notwithstanding the payment of any sum into
the Consolidated Fund under subsection (1), where any
person shows his right thereto to the satisfaction of the
Registrar and the Registrar so certifies in writing under
seal, then such sum may be paid from the Consolidated
Fund without further appropriation than that provided by
this subsection.

(3) Where the principal amount of any registered
stock due for redemption is transferred to the Consolidated
Fund under subsection (1), the Registrar shall within
twelve months after such transfer publish a notice in the
Gazette showing the name of the holder of such registered
stock and the amount so transferred.

44. (1) No person shall be entitled to inspect, or to
receive information derived from, any registered stock in
the possession of the Registrar or any register, book or
other document kept or maintained by or on behalf of the
Registrar in relation to registered stock or securities,
save —

(a) in such circumstances and on such terms and
conditions; and

(b) on payment of such fee,
as may be prescribed.

(2) Nothing in this section shall apply to the Auditor
for The Bahamas.

45. (1) The Minister may make regulations for
carrying out the purposes of this Act and, without prejudice
to the generality of the foregoing, such regulations may
provide for all or any of the following matters —

Payment of fees.

Payment of
unclaimed
moneys into
Consolidated
Fund.

Inspection of
register and
documents.

Regulations.

BAHAMAS REGISTERED STOCK [CH.362 – 15



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[Original Service 2001] STATUTE LAW OF THE BAHAMAS

(a) the manner in which payment of interest in
respect of stock is to be made and acknowledged;

(b) the issue of duplicate stock certificates;
(c) the manner of payment of interest to joint

holders of stock;
(d) the exemption of the Government, the Registrar

and any person acting under the authority of the
Registrar, from liability in respect of any
payment duly made or act duly done in
accordance with this Act or any regulations
made under this Act;

(e) the circumstances in which alterations may be
made in the register;

(f) the payment of principal or interest and transfer
of stock in the case of persons under a legal
disability;

(g) the disposal of unclaimed interest;
(h) the conditions subject to which stock may be

exchanged, consolidated or subdivided;
(i) to enable holders of registered stock to be

described in the register as trustees and either as
trustees of any particular trust or as trustees
without qualification and for the recognition of
powers of attorney granted by holders of stock
so described;

(j) the fees to be paid in respect of anything to be
issued or done under the provisions of this Act;

(k) all matters required or permitted by this Act to
be prescribed and all matters incidental to or
connected with the matters hereinbefore enum-
erated.

(2) Nothing in any regulation made hereunder,
shall, as between any trustees or as between any trustees
and beneficiaries under a trust, be deemed to authorise the
trustees to act otherwise than in accordance with the rules
of law applying to the trust and the terms of the instrument
constituting the trust; and neither the Government nor the
Registrar nor any person holding or acquiring any interest
in any registered stock shall by reason of any entry in the
register of stock of anything in any document or
instrument relating to registered stock, be affected with
notice of any fiduciary obligation attaching to the holding
of any registered stock.

CH.362 – 16] BAHAMAS REGISTERED STOCK





STATUTE LAW OF THE BAHAMAS [Original Service 2001]

46. Nothing in this Act contained shall affect the
provisions of the General Loan and Stock Act.


Saving.
Ch. 383.

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