Singapore legislation

Section 15

of Development Loan Act

Section 15

Delivery up of stock on repayment

Before the repayment of the principal moneys represented by any stock or bearer bonds issued under the provisions of this Act, the stock or bearer bonds shall be delivered to the Authority for cancellation as shall be specified in the prospectus relating to the issue of the stock or bearer bonds.

Section 15 — Development Loan Act | laws.sg