Amendment status not verified — confirm the current text below against the official source.
(1) The Board may, with the sanction of the Government, provide by regulations, the form in which the securities of the Board shall be issued by the Board and the mode in which, and the conditions subject to which, they may be transferred. (2) The holder of any security in any form may obtain in exchange thereof, upon such terms as the Board may, from time to time, determine, a security on other form provided by the regulations. (3) The right to sue in respect of money secured by the securities shall be exercisable by the holders thereof for the time being without preference in respect of priority of date.