The Pamphlet Collection of Sir Robert Stout: Volume 88

Transfer of Shares

Transfer of Shares.

Transfer, Execution of.

12. The instrument of transfer of any share in the Company shall be executed both by the transferor and the transferee, and the transferor shall be deemed to remain the holder of such share until the name of the transferee is entered in the proper Register in respect thereof.

Transfer, form of.

13. Shares may be transferee! in the following form, or to the like effect:—

"I ___ of ___ in consideration of the sum of paid to me by ___ of ___ do hereby transfer to the said ___ shares numbered in "The Union Fire and Marine Insurance Company of New Zealand" standing in my name in the books of the said Company To hold unto the said ___ his executors administrators and assigns subject to the Regulations of the Company and to the several conditions on which I hold the same at the time of the execution hereof And I the said ___ do hereby agree to take the said shares subject t to the regulations and conditions aforesaid As witness our hands the day of

Transfer, refusal of.

14. The Directors may decline to register any transfer of shares made by a shareholder who is indebted to the Company.

Certificate for shares, and fee on transfer.

16. Every shareholder shall be entitled to a certificate under the common seal of the Company, specifying the share or shares held by him and the amount paid up thereon; and upon any transfer of shares the sum of two shillings and sixpence shall be payable to the Company.

Certificate, renewal, if lost.

17. If such certificate is worn out or lost it

may be renewed on payment of the sum of two shillings and sixpence for each certificate.

Transfer books, when closed.

18. The transfer books shall be closed during the six weeks immediately preceding the ordinary general meeting in each year, or for such lesser period as the Directors may from time to time determine.