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Transferces,
158. Every person who, by operation of law, transfer, etc., bound by or other means whatsoever, shall become entitled to any prior notices.
share, shall be bound by every notice in respect of such share, which, previously to his name and address being entered on the Register, shall be duly given to the person from whom he derives his title to such share.
Service of
notices good
notwith- standing death of member.
How notice
154. Any notice or document delivered or sent by post to, or left at the registered address of any member, in pursuance of these Presents shall, notwithstanding such member be then deceased, and whether or not the Com- pany have notice of his decease, be deemed to have been duly served in respect of any registered shares whether held solely or jointly with other persons by such member, until some other person be registered in his stead as the holder or joint holder thereof, and such service shall for all the purposes of these Presents be deemed a sufficient service of such notice or document on his heirs, executors or ad- ministrators, and all persons (if any) jointly interested with him in any such shares.
155. The signature to any notice to be given by the to be signed. Company may be written or printed.
How time to
156. Where a given number of days' notice, or notice be counted. extending over any other period, is required to be given, the day of service shall, unless it is otherwise provided, be counted in such number of days or other period.
Service of process.
157. In the event of a winding-up of the Company in Hong Kong, every member of the Company who is not for the time being in Hong Kong shall be bound, within fourteen days after the passing of an effective resolution to wind up the Company voluntarily, or the making of an order for the winding-up of the Company, to serve notice in writing on the Company appointing some person re- sident in Hong Kong upon whom all summonses, notices, process orders and judgments in relation to or under the winding-up of the Company may be served, and in default of such nomination the liquidator of the Company shall be at liberty on behalf of such member to appoint some such person, and service upon any such appointee, whether appointed by the member or the liquidator, shall be deemed to be good personal service on such member for all purposes, and, where the liquidator makes any such appointment, he shall with all convenient speed give
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notice thereof to such member by advertisement in a morning newspaper circulating in the Colony or by a registered letter sent through the post and addressed to such member at his address as mentioned in the Register of Members of the Company, and such notice shall be deemed to be served on the day following that on which the advertisement appears or the letter is posted.
Secrecy.
ation.
158. No member shall be entitled to require discovery Member not of or any information respecting any detail of the Com- to be entitled pany's trading or any matter which is or may be in the to inform- nature of a trade secret, mystery of trade, or secret process which
may relate to the conduct of the business of the Company and which in the opinion of the Directors it will be inexpedient in the interests of the members of the Company to communicate to the public.
Winding-Up.
159. If the Company shall be wound-up and the Distribution assets available for distribution amongst the members of assets. as such shall be insufficient to repay the whole of the paid up capital, such assets shall be distributed so that, as nearly as may be, the losses shall be borne by the members in proportion to the capital paid up, or which ought to have been paid up, at the commencement of the winding-up on the shares held by them respectively. And if in a winding-up the assets available for distribution among the members shall be more than sufficient to repay the whole of the capital paid up at the commencement of the winding-up, the excess shall be distributed amongst the members in proportion to the capital at the com- mencement of the winding-up paid up or which ought to have been paid up on the shares held by them respective- ly; but this Article is to be without prejudice to the rights of the holders of shares issued upon special terms and conditions.
160.-(a) If the Company shall be wound up, Distribution whether voluntarily, or otherwise, the liquidators may, of assets in with the sanction of an Extraordinary Resolution, divide specie. among the contributories, in specie or kind, any part of the assets of the Company, and may, with the like sanc- tion, vest any part of the assets of the Company in
166
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