LOCAL LOANS (REGISTERED STOCK AND SECURITIES) ACT

Section 19: Payment of interest.

1946Section 19 of 43Federal Republic of Nigeria

(1) The interest due on any registered stock or securities shall be payable half-yearly on the dates specified by the directions of the Minister under section 5 of this Act.
(2) Where any amount has become payable on any date as interest due on any registered stock or securities, no interest on that amount shall, after that date, be paid or payable by the Government to any person in any circumstances.

Cite this section

Section 19, LOCAL LOANS (REGISTERED STOCK AND SECURITIES) ACT (1946).

https://repo.podus.ai/laws/local-loans-registered-stock-and-securities-act/section/19/