CmaBylaw
Executive Bylaws
9-7 Of Module Eleven: Dealing in Securities
Section: Chapter Nine: Pledge of Securities
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Tuesday, 14 February 2017
In the event that the pledged Securities are eligible for cash dividends or other profits in the form of Securities provided as bonus shares, the pledge provisions stated in the pledge agreement and these Bylaws shall be applicable on such profits. Unless the pledge agreement states otherwise, a Clearing Agency shall mark the Securities distributed as bonus shares by the same notation of pledge on the pledged Securities.
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