The Pamphlet Collection of Sir Robert Stout: Volume 88

Tramsmission of Shares

Tramsmission of Shares.

20. The executors or administrators of a deceased shareholder shall be the only persons recognised by the Company as having any title to his share.

21. Any person becoming entitled to a share in consequence of the death, bankruptcy, or insolvency of any shareholder, or in consequence of the marriage of any female shareholder, or in any way other than by transfer may be registered as a shareholder subject to the rights of the Company, under Article 17, upon such evidence being produced as may from time to time be required by the Board.

22. Any person who has become entitled to a share in any way other than by transfer may, instead of being registered himself, elect to have some person to be named by him, registered as a holder of such share; but the Company shall not be obliged to register the transferee unless the transferee is approved by the Board.

23. The person so becoming entitled shall testify such election by executing to his nominee a deed of transfer of such share

24. The deed of transfer shall be presented to the Board accompanied with such evidence as they may require to prove the title of the transferror, and thereupon the Board shall register the transferree, if approved, as a shareholder.