Section 296 Investments and Securities Act

Section 296 of the Investments and Securities Act 2025 is about Immediate discharge in certain cases. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows:

On payment by or on behalf of a body to the holder of a security of the amount expressed in it on or after the date when it becomes due or on the consolidation or sub-division of a security under this Act, a body shall be discharged in the same way to the same extent as if the security were a promissory note payable to the bearer.