Section 26Part 6 — Sinking Fund And Repayment Of Loans
Trustees to hold sinking fund and other moneys in trust for redemption
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The trustees of a sinking fund established under section 23 shall hold all moneys received by them or on their behalf under this Law and the investments for the time being representing those moneys in trust to apply them in redeeming the loan for which the sinking fund was established.
Cross References
- Section 23 of Government Securities Act
sinking fund established under section 23