Commonwealth Inscribed Stock Regulations
50Exchange of bearer securities at different Registries
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50 Exchange of bearer securities at different Registries
(1) Upon application in accordance with an approved form, a bearer security may be surrendered at a Registry in exchange for another bearer security or other bearer securities to be issued at another Registry on the same terms and conditions as those on which the first-mentioned bearer security was issued.
(2) On receipt of the bearer securities surrendered, the Registrar receiving the bearer securities shall notify the Registrar at the other Registry in writing that bearer securities may be issued in exchange for the bearer securities so surrendered.
(3) The Commonwealth shall not be under any legal liability for any delay in issuing bearer securities under this regulation.