1950_STAMP_ORDINANCE — Page 27

HK Historical Laws 香港歷史法例 All AI Reviewed

CAP. 117]

Passing on of dividends prohibited.

Stamp.

32. (1) No person shall be entitled to claim, directly or indirectly, the payment of any dividend, or of the amount or value of any dividend, on any share on a share register which is by law required to be kept within the Colony, unless—

(a) such person is the registered owner of the share in question at the time of such claim; or

(b) such person was the registered owner of the share in question at some date subsequent to the declaration of the dividend in question; or

(c) such person is entitled to be paid such dividend under a bona fide declaration of trust in favour of a specified person or firm, or otherwise as a bona fide cestui que trust; or

(d) such person has bona fide lent money on the security of the share in question and is entitled by the express written terms of the loan agreement to claim such dividend.

(2) No person shall, orally or in writing, demand or request or accept, directly or indirectly, payment of any dividend, or of the amount or value of any dividend, which under the provisions of subsection (1) he is not entitled to claim.

(3) No person shall, directly or indirectly, pay any dividend, or the amount or value of any dividend, on any share on a share register which is by law required to be kept within the Colony to any other person unless—

(a) such other person is the registered owner of the share in question; or

(b) such other person was the registered owner of the share in question at some date subsequent to the declaration of the dividend in question; or

(c) such other person is entitled to be paid such dividend under a bona fide declaration of trust in favour of a specified person or firm, or otherwise as a bona fide cestui que trust; or

(d) such other person has bona fide lent money on the security of the share in question and is entitled by the express written terms of the loan agreement to claim such dividend.

(4) For the purposes of this section, notwithstanding any declaration of trust or agreement whatsoever, no un-

414

Edit History

2026-05-04 00:41:10 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct

Live

View comparison

AI Proofread

CAP. 117] Passing on of dividends prohibited. Stamp. 32. (1) No person shall be entitled to claim, directly or indirectly, the payment of any dividend, or of the amount or value of any dividend, on any share on a share register which is by law required to be kept within the Colony, unless— (a) such person is the registered owner of the share in question at the time of such claim; or (b) such person was the registered owner of the share in question at some date subsequent to the declaration of the dividend in question; or (c) such person is entitled to be paid such dividend under a bona fide declaration of trust in favour of a specified person or firm, or otherwise as a bona fide cestui que trust; or (d) such person has bona fide lent money on the security of the share in question and is entitled by the express written terms of the loan agreement to claim such dividend. (2) No person shall, orally or in writing, demand or request or accept, directly or indirectly, payment of any dividend, or of the amount or value of any dividend, which under the provisions of subsection (1) he is not entitled to claim. (3) No person shall, directly or indirectly, pay any dividend, or the amount or value of any dividend, on any share on a share register which is by law required to be kept within the Colony to any other person unless— (a) such other person is the registered owner of the share in question; or (b) such other person was the registered owner of the share in question at some date subsequent to the declaration of the dividend in question; or (c) such other person is entitled to be paid such dividend under a bona fide declaration of trust in favour of a specified person or firm, or otherwise as a bona fide cestui que trust; or (d) such other person has bona fide lent money on the security of the share in question and is entitled by the express written terms of the loan agreement to claim such dividend. (4) For the purposes of this section, notwithstanding any declaration of trust or agreement whatsoever, no un- 414

Baseline (Original)

САР. 117] Passing on of dividends prohibited. Stamp. 32. (1) No person shall be entitled to claim, directly or indirectly, the payment of any dividend, or of the amount or value of any dividend, on any share on a share register which is by law required to be kept within the Colony, unless— (a) such person is the registered owner of the share in question at the time of such claim; or (b) such person was the registered owner of the share in question at some date subsequent to the declara- tion of the dividend in question; or (c) such person is entitled to be paid such dividend. under a bona fide declaration of trust in favour of a specified person or firm, or otherwise as a bona fide cestui que trust; or (d) such person has bona fide lent money on the security of the share in question and is entitled by the express written terms of the loan agreement to claim. such dividend. (2) No person shall, orally or in writing, demand or request or accept, directly or indirectly, payment of any dividend, or of the amount or value of any dividend, which under the provisions of subsection (1) he is not entitled to claim. (3) No person shall, directly or indirectly, pay any dividend, or the amount or value of any dividend, on any share on a share register which is by law required to be kept within the Colony to any other person unless- (a) such other person is the registered owner of the share in question; or (b) such other person was the registered owner of the share in question at some date subsequent to the declaration of the dividend in question; or (c) such other person is entitled to be paid such dividend under a bona fide declaration of trust in favour of a specified person or firm, or otherwise as a bona fide cestui que trust; or (d) such other person has bona fide lent money on the security of the share in question and is entitled by the express written terms of the loan agreement to claim such, dividend. (4) For the purposes of this section, notwithstanding any declaration of trust or agreement whatsoever, no un- 414 —

2026-05-04 00:41:10 · Baseline

View content

САР. 117]

Passing on of dividends prohibited.

Stamp.

(a) such person is the registered owner of the share in

question at the time of such claim; or

(b) such person was the registered owner of the share in question at some date subsequent to the declara- tion of the dividend in question; or

(c) such person is entitled to be paid such dividend. under a bona fide declaration of trust in favour of a specified person or firm, or otherwise as a bona fide cestui que trust; or

(d) such person has bona fide lent money on the security of the share in question and is entitled by the express written terms of the loan agreement to claim. such dividend.

(a) such other person is the registered owner of the

share in question; or

(b) such other person was the registered owner of the share in question at some date subsequent to the declaration of the dividend in question; or (c) such other person is entitled to be paid such dividend under a bona fide declaration of trust in favour of a specified person or firm, or otherwise as a bona fide cestui que trust; or

(d) such other person has bona fide lent money on the security of the share in question and is entitled by the express written terms of the loan agreement to claim such, dividend.

(4) For the purposes of this section, notwithstanding any declaration of trust or agreement whatsoever, no un-

1950_STAMP_ORDINANCE — Page 27

Edit History

Comments

Private Research Note