All debentures issued under this Chapter shall be in such form as the Corporation may, with the previous sanction of the Government, determine and shall be transferable in such manner as shall be expressed therein, and the right to sue in respect of the money secured by any of such debentures shall vest in the holders thereof for the time being without any preference by reason of some of such debentures being prior in date to others.
Section 146: Form and effect of debentures
The Jammu and Kashmir Municipal Corporation Act, 2000Union territory Act of Jammu and Kashmir · Act 21 of 2000
Where this provision sits
| Act | The Jammu and Kashmir Municipal Corporation Act, 2000 |
|---|---|
| Section | 146 |
| Marginal note | Form and effect of debentures |
| Jurisdiction | Union territory of Jammu and Kashmir |
| Status | In force as published by the source |
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