The Pamphlet Collection of Sir Robert Stout: Volume 88

Transfer of Shares

Transfer of Shares.

12. The instrument of transfer of any share

Transfer, execution of.

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 Register in respect thereof.

Transfer, form of.

13. Shares may be transferred in the following form, or to the like effect, if approved by the Directors:—

"I____of____ ____in consideration of the sum of____paid to me by____of____do____hereby transfer to the said____, shares numbered____in "The Colonial 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 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.

discretion, not controlable by any court of law or equity, as to accepting or rejecting the transferee, and shall not be bound to give any reason for their rejecting him.

16. Every shareholder shall be entitled to a

Certificate for shares, and fee on transfer.

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 one shilling for any number of shares up to twenty-five shares and a further sum of one shilling for every twenty-five shares or any lesser number than twenty-five shares shall be payable to the Company.

17. If such certificate be worn out or lost the Directors may issue a new certificate on payment of the sum of two shillings and sixpence for each certificate.

18. The transfer books shall be closed during

Certificate, renewal, if lost.

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.