940
Powers of attorney—continued
partly exercised, 284
period of duration, 280, 281
personal representatives, can delegate ministerial powers, 272
probate granted to attorney, 279
production of power, 277
‘property,’ definition of, 281 (n)
‘purchaser,’ definition of, 281 (n)
ratification, ‘283
ratification on death of principal, 282
recitals control operative part, 275
register, note of production in, 65
registration, fee for, go
revocation
if instrument declared irrevocable for fixed time, 281
if given for valuable consideration, 281
if power not irrevocable, 280
implied, 280
joint attorneys, 282
joint principals, 282
parol, 280
partly exercised, 284
principal may demand return on, 277
scope of, 274
Scotland, registration in, 309
seal, should be under, 273
signature of donee, 276
by corporate body, 277
stamp on, 274
statutory declaration as to non-revocation, 279, 281
transfers by, 74
Trustee Act 1925, 271, 272, 278
‘valuable consideration,’ definition of, 281 (n)
trustees, See Capacity, supra
‘valuable consideration,’ definition of, 281 (n)
who may grant. See Capacity, supra
Preference shares
alteration of articles to authorise, 28
balance sheets, entitled to copies of, 181
cumulative, generally, 38
increase of capital, may be issued on, 32
preferential right, nature of, 38
redeemable preference shares, 39
redemption of preference shares in statutory companies, 297
re-organisation of capital, position on, 34
statutory company in, 297
statutory meeting, notice of must be sent to holders, 122
statutory report, copy must be sent to holders, 130
stock (statutory companies), 297
surplus, assets, right to participate in, 38
variation of rights, 37
Preliminary expenses
prospectus to state amount of, 745
Premium
debentures issued at, 172
issue of shares at a, 40, 172
no authority needed for, 140
profit, mav be treated as, 40

INDEX