CAP. 701
[r. 10 cont.]
title by registration;
claimant barred four years after death or incapacity, unless infant.
Certificates
of shares on principal
register. Ord. 8/46.
s. 2. Schedule.
The Hongkong and Shanghai Banking Corporation.
absolute owner thereof and accordingly shall not, except as ordered by a court of justice, be bound to recognize any equitable or other claim to or interest under such share on the part of any other person.
(4) Subject to the provisions of these regulations as to joint holders, every person, from time to time entered in the register of shareholders as the holder of any share, shall, unless and until his share be by operation of law or otherwise vested in some other person and unless and until the title of such other person is proved and established to the satisfaction of the board under regulation 51, be recognized and treated by the bank as the sole lawful and rightful owner and holder of such share, and any other person entitled to or claiming to be owner or holder of such share, or to be entered as the holder thereof, shall not have any claim against the bank in respect thereof but shall claim only against the person so entered and his representative.
(5) If any shareholder die or become an incapacitated shareholder, and any share of such deceased or incapacitated shareholder be not within four years after the decease or incapacity of the shareholder claimed by a lawful claimant of the share, so as to entitle him to be entered according to these regulations in the register of shareholders as the holder of the share, then the share and all dividends accruing thereon after the decease or incapacity of the deceased or incapacitated shareholder, and all other rights and interests in respect of the share as from such decease or incapacity, shall be liable to forfeiture for the benefit of the bank, and the same may be declared by the board to be forfeited accordingly: Provided that this paragraph shall not apply to the case of an infant shareholder while he is an infant.
Certificates for shares.
11. The certificates of title to shares on the principal register shall be under the common seal and shall be signed by one director and countersigned by the chief manager or by such other officer of the bank as may be authorized to do so by the board. Such certificates shall, unless otherwise prescribed by the board, be in the form in Appendix I or to the like effect.
354
CAP. 701
[r. 10 cont.]
title by registration;
claimant barred four years after death or incapacity, unless infant.
Certificates
of shares on principal
register. Ord. 8/46.
s. 2. Schedule.
The Hongkong and Shanghai Banking Corporation.
absolute owner thereof and accordingly shall not except as ordered by a court of justice be bound, to recognize any equitable or other claim to or interest under such share on the part of any other person.
(4) Subject to the provisions of these regulations as to joint holders, every person, from time to time entered in the register of shareholders as the holder of any share, shall, unless and until his share be by operation of law or other- wise vested in some other person and unless and until the title of such other person is proved and established to the satisfaction of the board under regulation 51, be recognized and treated by the bank as the sole lawful and rightful owner and holder of such share, and any other person entitled to or claiming to be owner or holder of such share, or to be entered as the holder thereof, shall not have any claim against the bank in respect thereof but shail claim only against the person so entered and his representative.
(5) If any shareholder die or become an incapacitated shareholder, and any share of such deceased or incapacitated shareholder be not within four years after the decease or incapacity of the shareholder claimed by a lawful claimant of the share, so as to entitle him to be entered according to these regulations in the register of shareholders as the holder of the share, then the share and all dividends accruing thereon after the decease or incapacity of the deceased or incapacitated shareholder, and all other rights and interests in respect of the share as from such decease or incapacity, shall be liable to forfeiture for the benefit of the bank, and the same may be declared by the board to be forfeited accordingly: Provided that this paragraph shall not apply to the case of an infant shareholder while he is an infant.
Certificates for shares.
11. The certificates of title to shares on the principal register shall be under the common seal and shall be signed by one director and countersigned by the chief manager or by such other officer of the bank as may be authorized to do so by the board. Such certificates shall unless other- wise prescribed by the board, be in the form in Appendix I or to the like effect.
354
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