The Hongkong and Shanghai Banking Corporation.
[CAP. 70
position re
dividends
and call.
(2) Any such purchaser shall not (unless by express purchaser's agreement) become entitled to any of the dividends accrued or which might have accrued upon the shares before the time of completing his purchase and shall not (unless by express agreement) be liable to pay any call payable in respect of the shares before the time of his agreement to purchase them.
Transfer and transmission of shares.
transfers.
46. The bank shall keep at its head office and at any establishment where a local register of shares is kept, books to be called "registers of transfers", and therein shall respectively be fairly and distinctly entered particulars of every transfer or transmission of any share on those respective registers.
during which
may be
47. The shareholders registers and the registers of Periods transfers, kept at the head office and at any establishment where local registers are kept, may be closed from time to time during such time as the board thinks fit not exceeding in the whole forty days in each year. Any such closing shall be notified once at least by advertisement in an English daily newspaper printed and circulating in the place where such closing takes place.
decline
transfer.
48. The board may, in its discretion and without Power to assigning any reason therefor, refuse to register the transfer to register of any share to any person of whom it does not approve as transferee, or whilst the shareholder making the same is, either alone or jointly with any other person, indebted to the bank on any account whatsoever. The board may also refuse to register any transfer of shares on which the bank has a lien; and the board shall also be entitled without assigning any specific reason therefor to refuse to register any transfer of shares made to a corporation, sole or aggregate, or to a firm or to a limited partnership or to any person, firm or corporation holding shares in trust or otherwise than in his or their own right, whether already a shareholder or not.
49. No shareholder shall be entitled to transfer a share after a call is made thereon, until the call or calls made
Page 363
Transfer
not permitted of share on
1
::
The Hongkong and Shanghai Banking Corporation.
[CAP. 70
position re
dividends
and call.
(2) Any such purchaser shall not (unless by express purchaser's agreement) become entitled to any of the dividends accrued or which might have accrued upon the shares before the time of completing his purchase and shall not (unless by express agreement) be liable to pay any call payable in respect of the shares before the time of his agreement to purchase them.
Transfer and transmission of shares..
transfers.
46. The bank shall keep at its head office and at any Register of establishment where a local register of shares is kept, books to be called "registers of transfers", and therein shall res- pectively be fairly and distinctly entered particulars of every transfer or transmission of any share on those respective registers.
during which
may be
47. The shareholders registers and the registers of Periods transfers, kept at the head office and at any establishment registers where local registers are kept, may be closed from time to closed. time during such time as the board thinks fit not exceeding in the whole forty days in each year. Any such closing shall be notified once at least by advertisement in an English daily newspaper printed and circulating in the place where such closing takes place.
decline
transfer.
48. The board may, in its discretion and without Power to assigning any reason therefor, refuse to register the transfer to register of any share to any person of whom it does not approve as transferee, or whilst the shareholder making the same is, either alone or jointly with any other person, indebted to the bank on any account whatsoever. The board may also refuse to register any transfer of shares on which the bank has a lien; and the board shall also be entitled with- out assigning any specific reason therefor to refuse to register any transfer of shares made to a corporation, sole or aggregate, or to a firm or to a limited partnership or to any person, firm or corporation holding shares in trust or otherwise than in his or their own right, whether already a shareholder or not.
49. No shareholder shall be entitled to transfer a share after a call is made thereon, until the call or calls made
363
Transfer
not permitted of share on
1
:
:
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