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The Pamphlet Collection of Sir Robert Stout: Volume 65

Certificate on Sale of Shares

Certificate on Sale of Shares.

41. Where any shares or stock have been sold in purported exercise of the powers given by Clauses 36 and 39 hereof respectively, and a certificate of title under the seal of the Company has been issued to the purchaser, such certificate shall be conclusive evidence that the sale has been duly made, and the validity thereof shall not be impeached by the former holder of the shares or stock; and the remedy of any Member or person aggrieved by such sale shall be in damages only, and against the Company exclusively.