APPENDIX
655
4. A certificate must be accompanied by a proper assignment, executed
either on the certificate itself or on a separate paper, in which latter case
there must be an assignment for each certificate which must comply with
the requirements of Rule 5. Each assignment must be guaranteed as
required in Rule 22.
5. A separate assignment must contain provision for the irrevocable
appointment of an attorney, with power of substitution, and a full descrip-
tion of the certificate, ie., name of company, issue, certificate number,
amount (the latter written in words and numerals). The entire description
of the certificate must be in the same writing.
6. Any alteration or correction in an assignment or a power of sub-
stitution must be accompanied by an explanation on the original instrument
signed by the person executing the assignment or power of substitution.
7. When an assignment has been filled in with the name of an individual
or firm as attorney, a power of substitution must be executed.
8. The signature to an assignment or power of substitution must be
technically correct, i.e., it must correspond with the name as written upon
the certificate in every particular without alteration or enlargement or any
change whatever.
9. A certificate in the name of a corporation or an institution, or in
a name with official designation, is a delivery only when the statement
“Proper papers for transfer filed by assignor” is placed on the assignment
and signed by the transfer agent.
10. A certificate assigned by a Married Woman is a delivery only during
the closing of transfer books, when a joint assignment and acknowledg-
ment by husband and wife is necessary.
(Note:—The foregoing rule is deemed mecessary inasmuch as the laws of various
furisdictions do not vest absolute control of persomal property in married women.)
11. A certificate in the name of an Unmarried Woman with the prefix
“Miss” is a delivery without acknowledgment, when signed “Miss.”
12. A certificate in the name of a Widow or an Unmarried Woman
without the prefix “Miss,” is a delivery only when the assignment is proper-
ly acknowledged.
13. A certificate with an assignment or power of substitution executed
by an Insolvent is a delivery only during the closing of transfer books,
when such a certificate held by others than the insolvent must be accom-
panied by an affidavit that the said certificate was held on a date prior
to the insolvency.
14. A certificate with an assignment or a power of substitution executed
by a firm that has ceased to exist is a delivery only during the closing of
the transfer books provided the assighment or power of substitution is
properly acknowledged or proven.
15. A certificate with an assignment or a power of substitution executed
by a firm that has dissolved and is succeeded by one of the same name is a
Jelivery when the new firm shall have signed the statement “Execution
Guaranteed” under a date subsequent to the formation of the new firm.
16. A certificate with an assignment or a power of substitution executed
by a deceased person, trustee, guardian, infant, executor, administrator,
assignee, receiver in bankruptcy, agent, or attorney is not a delivery, except
as provided in Rule 35.
17. A certificate with an inscription to indicate joint tenancy, or with
qualification, restriction or special designation, is not a delivery.
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