Secretarial practice

Bibliographic data

Monograph

Identifikator:: 1828236004

URN:: urn:nbn:de:zbw-retromon-249926

Document type:: Monograph

Title:: Secretarial practice

Edition:: fourth edition

Place of publication:: Cambridge

Publisher:: W. Heffer & Sons Ltd

Year of publication:: 1930

Scope:: viii, 987 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. Transfer and transmission of shares

Collection:: Economics Books

Public Trustee. Attestation, 76 SECRETARIAL PRACTICE That the signature of the transferor not only agrees with the description entered at the head of the deed, but also, if possible, with his signature when previously accepting the shares; That it is properly witnessed and dated; [hat there is no notice in lieu of distringas, or other charge upon the stock or shares therein referred to, or anything which would otherwise invalidate the transfer; And, finally, that the deed is properly stamped. Unless the occupations of transferees are known, the annual summary cannot be fully made out. A transfer may be accepted, although material parts of it are typewritten. If the name of the transferee has been altered, or another name substituted, the transfer should be refused, unless it is accom- panied by a satisfactory written explanation and statement that there has been no sub-sale, or a satisfactorv letter of indemnity. In the case of transfers to a corporate body, the secretary should require that the memorandum and articles be lodged to show that the corporate body is duly empowered to hold shares, and also to show how the seal is to be affixed. Trans- fers to a partnership firm as such should not be registered [Vagliano Anthracite Collieries (1910), W. N. 187]. The Public Trustee, if separate accounts are necessary, may be registered with a number, or a letter and number, e.g. ‘The Public Trustee, Account No. 3,” or ‘The Public Trustee 4; A 40.” Any introduction of a name, e.g. ‘The Public Trustee, re John Jones,” would appear to be contrary to the provisions of s. 101 of the Act, which forbids notice of any trust being entered on the register. If a transfer signed by the registered holder is presented after the death of the transferor and is in order in every detail, the transfer should be accepted for registration. But if probate or letters of administration have been registered or the company has otherwise received notice of his death, the secretary should give notice of the lodgment of the transfer to the personal representatives, and a reasonable time should be allowed for objection, if any, to be lodged. Naturally, if the shares have already been transferred to the executors or adminstrators in their personal capacity, the transfer should not be accepted. : As regards attestation, a transfer executed out of the United Kingdom should not be accepted if it is attested by anyone other than H.M. consul, a clergyman, justice of the peace, or notary public, unless the signature is guaranteed

Access restriction

Copyright

fullscreen: Secretarial practice

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation