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COMPANIES CLAUSES ACT 1863 - SECT 23

Debenture stock to be a prior charge, &c.

23. Debenture stock, with the interest thereon, shall be a charge upon the
undertaking of the company, prior to all shares or stock of the company, and
shall be transmissible and transferable in the same manner and according to
the same regulations and provisions as other stock of the company, and shall
in all other respects have the incidents of personal estate.

© 1863 Crown Copyright

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