Section 11: Form of debentures.

The Chhatrapati Shivaji Maharaj Vastu Sangrahalaya Act, 1909 and.State Act of Maharashtra · Act 3 of 1909

(1) When money is raised by the Board on debentures the debentures shall be in such form as the Board, with the previous sanction of the [[State] Government], shall from time to time determine.

(2) The holder of any debenture in any form duly authorised under this section may obtain in exchange therefor, upon such terms as the Board shall from time to time determine, a debenture in any other form authorised by the Board.

(3) Every debenture issued by the Board shall be transferable by endorsement.

(4) The right to payment of the moneys secured by any such debentures and to sue in respect thereof shall vest in the respective holders thereof for the time being without any preference by reason of some of such debentures being prior in date to others.

Where this provision sits

Act	The Chhatrapati Shivaji Maharaj Vastu Sangrahalaya Act, 1909 and.
Section	11
Marginal note	Form of debentures.
Jurisdiction	State of Maharashtra
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted. The words "Provincial Government" were substituted for the word "Government" by the Adaptation of Indian Laws Order in Council.
substituted. This word was substituted for the word "Provincial" by the Adaptation of Laws Order, 1950.

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