LOCAL LOANS (REGISTERED STOCK AND SECURITIES) ACT

Section 27: Deficiency in sinking fund to be a charge upon revenue.

1946Section 27 of 43Federal Republic of Nigeria

In the event of the sinking fund established for any loan under this Act being found, at the time fixed for the repayment of that loan, to be insufficient for such redemption, the deficiency shall be made good out of the general revenue and assets of Nigeria.

Cite this section

Section 27, LOCAL LOANS (REGISTERED STOCK AND SECURITIES) ACT (1946).

https://repo.podus.ai/laws/local-loans-registered-stock-and-securities-act/section/27/