Section 14: Liability in respect of renewed promissory notes.

The Government Securities Act, 1330 Fasli.State Act of Telangana

(1) When a renewed security is issued under section 10 or 13, such security shall constitute a new contract between the Government and the person in whose name the security has been issued or any person deriving title through him.

(2) The issue of new securities under section 10 or 13 shall not, as against the Government, affect the rights of any other person in respect of the security so renewed or converted.

Where this provision sits

Act	The Government Securities Act, 1330 Fasli.
Section	14
Marginal note	Liability in respect of renewed promissory notes.
Jurisdiction	State of Telangana
Status	In force as published by the source

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