CmaBylaw
Executive Bylaws
10-1 General Provisions Of Module Eleven: Dealing in Securities
Section: Chapter Ten: Attachment of Securities
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Tuesday, 14 February 2017
Without prejudice to the provisions of Article (10-1-1), issuer’s funds may not be attached to collect a debt of one of the holders of Securities issued by that Issuer. However, securities owned by a debtor and its profits may be attached, which shall be noted in the securities’ register held by the Clearing Agency. Securities shall be sold or redeemed, as the case may be, even if the attachment creditor does not submit the original receipt of the Securities deposit. The Clearing Agency shall make the necessary amendments in the register of the Securities’ holders in accordance with the outcome of the sale procedures.
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