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Conversions of Securities Adjustment Act 1931
8Raising of money out of capital in certain cases
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8 Raising of money out of capital in certain cases
8 Raising of money out of capital in certain cases
When in pursuance of paragraph three of section six any person is in respect to his interest in the income of a new security entitled to receive or to cause to be applied any money which is deemed to be income by virtue of that paragraph such money may be raised out of the capital of the new security, and such capital may be applied for that purpose to any necessary extent.