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NATIONAL DEBT ACT 1870 - SECT 33

Nominee in a nominal certificate not entitled to have it renewed as nominal.

33. The nominee in a nominal stock certificate shall not be entitled to have
the same renewed as nominal, but he shall, on delivery up of his certificate,
and of all unpaid coupons belonging thereto, to the Bank of England or of
Ireland by whom the certificate was issued, and on compliance with any
regulation made in pursuance of this part of this Act, be entitled to receive
in exchange from that Bank a stock certificate to bearer.

The nominee in a nominal stock certificate, and the bearer of a stock
certificate to bearer, may, on the like delivery, and on compliance with any
regulation made in pursuance of this part of this Act, require to be
registered [in the appropriate register kept by the Bank of England or Ireland
in accordance with regulations made under section forty-seven of the
Finance Act, 1942, and thereupon the stock shall be entered in that register]
and shall become transferable, and the dividends thereon shall be payable, as
if no certificate had been issued in respect of such stock.

© 1870 Crown Copyright

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