Australian Capital Territory Repealed Regulations

This legislation has been repealed.

CO-OPERATIVE SOCIETIES REGULATIONS 1945 (REPEALED) - REG 26

    (1)     If any bond issued under the Act is lost or accidentally destroyed before it has been paid off, the society may issue a new bond instead of the lost or destroyed bond.

    (2)     The new bond with interest coupons annexed shall bear the same date, number, principal sum and rate of interest as the lost or destroyed bond.

    (3)     The new bond shall not be issued unless and until—

        (a)     the register has been satisfied by statutory declaration of the person entitled to the lost or destroyed bond that the bond has been lost or accidentally destroyed before it has been paid off; and

        (b)     any advertisements that the registrar directs have been published; and

        (c)     6 months has elapsed since the publication of the latest of the advertisements; and

        (d)     security approved by the registrar has been given to the society indemnifying the society against any double payment because of the missing bond afterwards presented for payment.