Singapore legislation

Section 16

of Government Securities Act 1992

Section 16

Bearer bonds

(1)

Bearer bonds issued under this Act must be —

(a)

issued by the Authority upon such terms as may be prescribed; and

(b)

authenticated either by the signature of the Minister or by facsimile of the Minister’s signature or in such other manner as may be approved by the Minister.

(2)

Every bearer bond, when issued, binds the Government to pay the bearer the principal sum mentioned in that bond and interest on that sum in accordance with the terms and conditions of the issue.

(3)

Bearer bonds are transferable by delivery without endorsement.

Read in full context — Government Securities Act 1992 →