INVESTMENTS AND SECURITIES ACT

Section 259: Consolidation and subdivision of bonds and securities.

2007Section 259 of 316Federal Republic of Nigeria

Subject to such condition as the Minister, Commissioner, Chairman or an appropriate officer of a body may specify, the registrar may:(a) on the application of a person claiming to be entitled to any bond or securities; or
(b) on being satisfied of the genuineness of the claim of such applicant; or
(c) on surrender of the bond certificate relating to such bond or of such securities receipted in the specified manner; or
(d) on payment of the prescribed fee, consolidate or sub-divide such bond or securities and issue to the applicant one or more new bond certificates or securities as may be required.

Cite this section

Section 259, INVESTMENTS AND SECURITIES ACT (2007).

https://repo.podus.ai/laws/investments-and-securities-act/section/259/