Amendment status not verified — confirm the current text below against the official source.
(1) Debentures issued under this Act shall be in such form as the Corporation may with the previous sanction of the State Government from time to time determine. (2) The holder of any debenture in any form duly authorised under sub-section (1) may obtain in exchange therefor, upon such terms as the Corporation shall from time to time determine, a debenture in any other form so authorised. (3) Every debenture issued by the Corporation under this Act shall be transeferable by endorsment (4) The right to payment of the moneys secured by any of such debentures and to sue in respect thereof shall vest in the holder for the time being without any preference by reason of seme of such debentures being prior in date to others. 93 - Payment to survivors of joint payees.