(1) Where the name of a person or an organisation is entered in the Register by the Accountant General as the holder of a bond, the Accountant General must enter that name on the bond.
(2) An entry made by a person other than the Accountant General or his or her authorised agent of the name of any person on a bond as the holder of that bond is not effective to confer any right to or interest in the bond.
(3) Where a bond is issued by the Accountant General to a person before that person's name is entered on it, the bond is deemed to have been validly issued and that person may subsequently apply to the Accountant General to have his or her name entered on the bond.
(4) No alteration or erasure of the name of any person entered on a bond by the Accountant General or by his or her authorised agent is effective to deprive the owner of any right to or interest in that right or interest.