2202
No. 58 of 1911.
COMPANIES.
17. The directors may, if they think fit, receive from any member willing to advance the same all or any part of the moneys uncalled and unpaid upon any shares held by him; and upon all or any of the moneys so advanced may (until the same would, but for such advance, become presently payable) pay interest at such rate (not exceeding, without the sanction of the company in general meeting, 6 per cent.) as may be agreed upon between the member paying the sum in advance and the directors.
Transfer and Transmission of Shares.
18. The instrument of transfer of any share in the company shall be executed both by the transferor and transferee, and the transferor shall be deemed to remain a holder of the share until the name of the transferee is entered in the register of members in respect thereof.
19. Shares in the company shall be transferred in the following form, or in any usual or common form which the directors shall approve:—
I, A.B. of
in consideration of the sum of $
the paid to me by C.D. of
(hereinafter called "said transferee") do hereby transfer to the said transferee the share [or shares] numbered
in the undertaking called the
Company, Limited, to hold unto the said transferee his executors, administrators, and assigns, subject to the several conditions on which I held the same at the time of the execution thereof: and I, the said transferee, do hereby agree to take the said share [or shares] subject to the conditions aforesaid. As witness our hands the
day of
Witness to the signatures of, &c."
20. The directors may decline to register any transfer of shares, not being fully-paid shares, to a person of whom they do not approve, and may also decline to register any transfer of shares on which the company has a lien.
The directors may also suspend the registration of transfers during the 14 days immediately preceding the ordinary general meeting in each year. The directors may decline to recognise any instrument of transfer unless—
(a) a fee not exceeding 2 dollars is paid to the company in respect thereof; and
(b) the instrument of transfer is accompanied by the certificate of the shares to which it relates, and such other evidence as the directors may reasonably require to show the right of the transferor to make the transfer.
21. The executors or administrators of a deceased sole holder of a share shall be the only persons recognised by the company as having any title to the share. In the case of a share registered in the names of 2 or more holders, the survivors or survivor, or the executors or administrators of the deceased survivor, shall be the only persons recognised by the company as having any title to the share.
22. Any person becoming entitled to a share in consequence of the death or bankruptcy of a member shall, upon such evidence being pro-
2202
No. 58 of 1911.
COMPANIES.
17. The directors may, if they think fit, receive from any member willing to advance the same all or any part of the moneys uncalled and unpaid upon any shares held by him; and upon all or any of the moneys so advanced may (until the same would, but for such advance, become presently payable) pay interest at such rate (not exceeding, without the sanction of the company in general meeting, 6 per cent.) as may be agreed upon between the member paying the sum in advance and the directors.
Transfer and Transmission of Shares.
18. The instrument of transfer of any share in the company shall be executed both by the transferor and transferee, and the transferor shall be deemed to remain a holder of the share until the name of the transferee is entered in the register of members in respect thereof.
19. Shares in the company shall be transferred in the following form, or in any usual or common form which the directors shall approve :—
I, A.B. of
in consideration of the sum of $
the paid to me by C.D. of
(hereinafter called said transferee ") do hereby transfer to the said transferee the share [or shares] numbered
in the undertaking called the
Company, Limited, to hold unto the said transferee his executors, administrators, and assigns, subject to the several conditions on which I held the same at the time of the execution thereof: and I, the said transferee, do hereby agree to take the said share [or shares] subject to the conditions afore- said. As witness our hands the
day of
Witness to the signatures of, &c."
20. The directors may decline to register any transfer of shares, not being fully-paid shares, to a person of whom they do not approve, and may also decline to register any transfer of shares on which the com- pany has a lien.
The directors may also suspend the registration of transfers during the 14 days immediately preceding the ordinary general meeting in each year. The directors may decline to recognise any instrument of transfer unless-
(u) a fee not exceeding 2 dollars is paid to the company in respect thereof; and
(b) the instrument of transfer is accompanied by the certificate of the shares to which it relates, and such other evidence as the directors may reasonably require to show the right of the transferor to make the transfer.
21. The executors or administrators of a deceased sole holder of a share shall be the only persons recognised by the company as having any title to the share. In the case of a share registered in the names of 2 or more holders, the survivors or survivor, or the executors or administrators of the deceased survivor, shall be the only persons recognised by the company as having any title to the share.
22. Any person becoming entitled to a share in consequence of the death or bankruptcy of a member shall, upon such evidence being pro-
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