Transfer by personal representa- tive.
19 & 20 Geo. 5, c. 23 #. 64.
Registration of transfer at request of trans-
-1552-
66. A transfer of the share or other interest of a deceased member of a company made by his personal representative shall, although the personal representa- tive is not himself a member of the company, be as valid as if he had been such a member at the time of the execution of the instrument of transfer.
67. On the application of the transferor of any share or interest in a company, the company shall enter in its register of members the name of the transferee in the same manner and subject to the 19 & 20 Geo. same conditions as if the application for the entry 5, c. 23, were made by the transferee. 8. 65.
fetor.
Notice of
refusal to register transfer.
19 & 20 Geo.
5, c. 23, B. 66.
Duties of company
with respect
to issue of certificates.
19 & 20 Geo. 5, c. 23, 8. 67.
Ordinance No. 8 of 1921.
Certificate to
be evidence
of title.
19 & 20 Geo. 5, c. 23, 2. 68.
Evidence of grant of probate. 19 & 20 Geo. 5, c. 23, #. 69.
68.—(1) If a company refuses to register a transfer of any shares or debentures, the company shall, within two months after the date on which the transfer was lodged with the company, send to the transferee notice of the refusal.
(2) If default is made in complying with this section, the company and every director, manager, secretary or other officer of the company who is knowingly a party to the default shall be liable to a fine not exceeding fifty dollars for every day during which the default continues.
69.-(1) Every company shall, within two months after the allotment of any of its shares, debentures, or debenture stock, and within two months after the date on
which a transfer of any such shares, debentures, or debenture stock, is lodged with the company, complete and have ready for delivery the certificates of all shares, the debentures, and the certificates of all debenture stock allotted or trans- ferred, unless the conditions of issue of the shares, debentures, or debenture stock otherwise provide.
The expression "transfer" for the purpose of this subsection means a transfer duly stamped and other- wise valid, and does not include such a transfer as the company is for any reason entitled to refuse to register and does not register.
(2) If default is made in complying with this section, the company and every director, manager, secretary or other officer of the company who is knowingly a party to the default shall be liable to a fine not exceeding fifty dollars for every day during which the default continues.
(3) If any company on whom a notice has been served requiring the company to make good any default in complying with the provisions of subsection (1) of this section fails to make good the default with- in ten days after the service of the notice, the court may, on the application of the person entitled to have the certificates or the debentures delivered to him, make an order directing the company and any officer of the company to make good the default within such time as may be specified in the order, and any such order may provide that all costs of and incidental to the application shall be borne by the company or by any officer of the company responsible for the default.
70. A certificate, under the common seal of the company, specifying any shares held by any member, shall be primâ facie evidence of the title of the mem- ber to the shares.
71. The production to a company of any document which is by law sufficient evidence of probate of the will, or letters of administration of the estate, or confirmation as executor, of a deceased person having. been granted to some person shall be accepted by the company, notwithstanding anything in its articles, ás sufficient evidence of the grant.