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The Pamphlet Collection of Sir Robert Stout: Volume 7

XVII.—Transfer of Shares

XVII.—Transfer of Shares.

1. Any member not having obtained an advance, and not having executed a mortgage to the Trustees, as hereinbefore mentioned, on giving notice to the Actuary and Secretary, shall be at liberty to sell or transfer his or her share or shares, or any of them, to any person he or she may think fit, on payment of the sum of two shillings and sixpence for each share as a bonus to the funds of the Society, and of all fines and subscriptions then due to the Society in respect of such share or shares, with all other liabilities and engagements, which said transfer shall, unless otherwise ordered, be in the form, or to the effect set forth in the schedule "B" annexed to these rules.

2. On the transfer of any share, for which a premium has been offered previous to such transfer, the Actuary and Secretary shall endorse on the scrip to be given to the party to whom such share is transferred, the amount of such premium, and shall state that the share is transferred on condition that the said premium shall be deducted from such share in conformity with the IX. and X. rules; the party to whom such share is or may be transferred, page 19 shall be required to give his assent in writing to the condition so specified.