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COLONIAL STOCK ACT 1877 - SECT 11

Conversion of stock certificate to bearer into nominal certificate.

11. If the bearer of a stock certificate to bearer issued under this Act
insert therein the name, address, and quality of some person, such certificate
shall cease to be transferable, and the person so named, or some person
deriving title from him by devolution in law, shall alone be recognised by the
registrar as entitled to the stock described in the certificate, and shall be
entitled to be entered in the register as proprietor of that stock in like
manner as if he were the bearer of a stock certificate to bearer, but if
deriving his title by devolution in law he shall produce such evidence of his
title as the registrar may reasonably require.

S.12 rep. by 1893 c.53 s.51 sch.

© 1877 Crown Copyright

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