108
No. 1.]
Transfer by indebted member.
Closing of register of transfers.
Shares of deceased member.
Registration of person entitled.
Election to have nominee registered.
Transfer to nominee.
Registration of nominee.
Notice to member in arrear with call.
Form of notice.
THE ORDINANCES OF HONGKONG: [A.D. 1865.
I, A.B., of
in consideration of the sum of
dollars paid to me
by C.D., of
do hereby transfer to the said C.D. the share [or shares] numbered standing in my name in the books of the Company, to hold unto the said C.D., his executors, administrators, and assigns, subject to the several conditions on which I held the same at the time of the execution hereof; and I, the said C.D., do hereby agree to take the said share [or shares] subject to the same conditions.
As witness our hands, this
day of
10. The company may decline to register any transfer of shares made by a member who is indebted to it.
11. The transfer books shall be closed during the fourteen days immediately preceding the ordinary general meeting in each year.
Transmission of Shares.
12. The executors or administrators of a deceased member shall be the only persons recognized by the company as having any title to his share.
13. Any person becoming entitled to a share in consequence of the death or bankruptcy of any member, or in consequence of the marriage of any female member, may be registered as a member on such evidence being produced as may from time to time be required by the company.
14. Any person who has become entitled to a share in consequence of the death or bankruptcy of any member, or in consequence of the marriage of any female member, may, instead of being registered himself, elect to have some person to be named by him registered as a transferee of such share.
15. The person so becoming entitled shall testify such election by executing to his nominee an instrument of transfer of such share.
16. The instrument of transfer shall be presented to the company, accompanied with such evidence as the directors may require to prove the title of the transferor, and thereupon the company shall register the transferee as a member.
Forfeiture of Shares.
17. If any member fails to pay any call on the day appointed for payment thereof, the directors may, at any time thereafter, during such time as the call remains unpaid, serve a notice on him, requiring him to pay such call, together with interest and any expenses that may have accrued by reason of such non-payment.
18. The notice shall name a further day on or before which such call, and all interest and expenses that have accrued by reason of such non-payment, are to be paid. It shall also name the place where payment is to be made (the place so named being either the registered office of the company or some other place at which calls of the company are usually made payable). It shall also state that, in the event of non-payment at or before the time and at the place appointed, the shares in respect of which such call was made will be
108
No. 1.]
Transfer by indebted member.
Closing of
register of transfers.
Shares of deceased member.
Registration
of person entitled.
Election to
have nominee registered.
Transfer to nominee.
Registration of nominee.
Notice to member in arrear with call.
Form of notice.
THE ORDINANCES OF HONGKONG: [A.D. 1865.
I, A.B., of
in consideration of the sum of
dollars paid to me
by C.D., of
do hereby transfer to the said C.D. the share [or shares] numbered standing in my name in the books of the Company, to hold unto the said C.D., his executors, administrators, and assigns, subject to the several conditions on which I held the same at the time of the execution hereof; and I, the said C.D., do hereby agree to take the said share [or shares] subject to the same conditions.
As witness our hands, this
day of
10. The company may decline to register any transfer of shares made by a member who is indebted to it.
11. The transfer books shall be closed during the fourteen days immedi- ately preceding the ordinary general meeting in each year.
Transmission of Shares.
12. The executors or administrators of a deceased member shall be the only persons recognized by the company as having any title to his share.
13. Any person becoming entitled to a share in consequence of the death or bankruptcy of any member, or in consequence of the marriage of any female member, may be registered as a member on such evidence being produced as may from time to time be required by the company.
14. Any person who has become entitled to a share in consequence of the death or bankruptcy of any member, or in consequence of the marriage of any female member, may, instead of being registered himself, elect to have some person to be named by him registered as a transferee of such share.
15. The person' so becoming entitled shall testify such election by execut- ing to his nominee an instrument of transfer of such share.
16. The instrument of transfer shall be presented to the company, accom- panied with such evidence as the directors may require to prove the title of the transferor, and thereupon the company shall register the transferee as a member.
Forfeiture of Shares.
17. If any member fails to pay any call on the day appointed for payment thereof, the directors may, at any time thereafter, during such time as the call remains unpaid, serve a notice on him, requiring him to pay such call, together with interest and any expenses that may have accrued by reason of such non- payment.
18. The notice shall name a further day on or before which such call, and all interest and expenses that have accrued by reason of such non-payment, are to be paid. It shall also name the place where payment is to be made (the place so named being either the registered office of the compan
or some other place at which calls of the company are usually made payable). It shall also state that, in the event of
on-payment at or before the time and at the place appointed, the shares in respect of which such call was made will be
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