|Company Act Article 256Aug. 1, 2018|
Mortgages or pledges established by the company for the purpose of issuing corporate bonds may be taken over by the trustees for the bondholders and may be established prior to the issue of corporate bonds.
The trustees shall be responsible for the enforcement and safe-keep of the aforesaid mortgages or pledges or the securities furnished under the mortgages or pledges.
|Company Act Article 249Aug. 1, 2018|
Under any of the following circumstances, a company shall not issue unsecured corporate bonds;
1. Within 3 years from the date of settlement, where the company has done any act in breach of contract, or has been in default of payment of principal and interest, in respect of previously issued corporate bonds or other debts, although the debt is now settled; or
|Company Act Article 258Aug. 1, 2018|
The counterfoil of corporate bonds shall bear the serial numbers of all such bonds and set forth the following particulars:
1.The names or titles and domiciles or residences of corporate bondholders;
Bearer corporate bond certificates shall be marked with the word 'bearer' in lieu of the statement required under Item 1 of the preceding paragraph.
Instructions: Separate keywords by " " or "&"
Provided by Kingdoms Law