CmaBylaw
Executive Bylaws
12-11 Of Module Eleven: Dealing in Securities
Section: Chapter Twelve: Bond Regulations
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Tuesday, 14 February 2017
Obligor shall accept Bonds issued to fulfil its debts, even if before the date of their redemption, provided that the following conditions are met: 1. Indebtedness is documented in the Obligor’s registers at least one year before payment thereof. 2. Indebtedness is not resulting from asset purchase or exchange between Obligor and Bondholder. 3. Approval of Bondholders’ Association to redeem such Bonds prior to the date of their redemption in accordance with the mechanism stipulated in the Article (12.50) in this Module.
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