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The Pamphlet Collection of Sir Robert Stout: Volume 7

Transmission of Shares

Transmission of Shares

10. The executors or administrators of a deceased Shareholder hall be the only persons recognised by the Company as having any title to his Share.

11. 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 other way than by transfer, may be registered as a Shareholder upon such evidence being produced as may from time to time be required by the Company.

12. 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 he is approved by the Directors, and in the event of their disapproving, the matter shall be decided by arbitration.

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

14. The deed of transfer shall be presented to the Company, accompanied with such evidence as they may require to prove the title of the transferor, and thereupon the Company shall register the transferee as a Shareholder.