§ 15 — Interest stops on redemption

15. Regardless of any demand for payment of the principal sum, all the interest on the principal sum payable on the security stop immediately after —(a)

the maturity date of a security issued under this Act;

(b)

the redemption date in the duly served notice of intention under section 12(b)(i); or

(c)

the date of early redemption in accordance with section 13,

whichever is the earliest.