76
Validity of sales.
Register of Transfers.
Periods
during which Register of Transfers may be closed. The Board
may refuse to register.
No transfer to an infant,
&c. Transmis-
sion of shares.
30
An entry of every such declaration shall be made in the Minute Book of the Company.
73. Upon any sale after forfeiture or for enforcing a lien in purported exercise of the powers herein before given the Directors may cause the purchaser's name to be entered in the Register of Members in respect of the shares sold, and the purchaser shall not be bound to see to the regularity of the proceedings or to the application of the purchase money, and after his name has been enter- ed in the Register of Members in respect of such shares the validity of the sale shall not be impeached by any person, and the remedy of any person aggrieved by the sale shall be in damages only and against the Company exclusively.
66
Transfer and Transmission of Shares
74. The Company shall keep a book to be called The Register of Transfers" and therein shall be fairly and distinctly entered particulars of every transfer or transmission of any share.
75. The Register of Transfers and Register of Members may
be closed during such time as the Directors think fit not exceeding in the whole thirty days in each
year.
76. The Directors may, in their discretion and with- out assigning any reason therefor, decline to register any transfer of shares upon which the Company has a lien; and in the case of shares not fully paid up, may refuse to register a transfer to a transferee of whom they do not approve.
77. No transfer share be made to an infant or per- son of unsound mind.
X
78. In the case of the death of a member, the sur- vivor or survivors where the deceased was a joint holder and the executors or administrators of the deceased where he was a sole holder, shall be the only persons recognised by the Company as having any title to or in- terest in his shares, but nothing herein contained shall release the estate of a deceased joint holder from any liability in respect of any shares jointly held by him.
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