An Epitome of the Law Relating to the Public Trustee And of the Practice in the Department
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The difficulty does not arise in the case where the Public Trustee is appointed to act jointly with another, since in that case the stocks are earmarked by being entered in the two names.
It may be here mentioned that section 11 (5) provides, that the entry of the Public Trustee, by that name, in the books of a company, does not constitute notice of a trust, and that, a company cannot object to enter the name of the Public Trustee on its books, by reason only of the fact that the Public Trustee... is a corporation.
Teansper of Seoukities to Public Trustee 49 The commonest forms of transfer are — (a) By deed.
(6) By inscription in the books of the company con- taining a list of the stock and shareholders.
(a) By Deed. — ^Where stocks and shares are transfer- able by deed the ordinary deed of transfer is, as a rule, used.
The draft of the transfer deed should in the first instance be sent to the Public Trustee for " earmarking." After it has been engrossed and executed by the transferor it should be forwarded to the Public Trustee for sealing, and directions should be given to the company for the fresh certificate issuable by them to be sent direct to the Public Trustee.
What to read after An Epitome of the Law Relating to the Public Trustee And of the Practice in the Department?
You can find similar books in the "Read Also" column, or choose other free books by Fulton, Leonard Jessopp to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The difficulty does not arise in the case where the Public Trustee is appointed to act jointly with another, since in that case the stocks are earmarked by being entered in the two names.
It may be here mentioned that section 11 (5) provides, that the entry of the Public Trustee, by that name, in the books of a company, does not constitute notice of a trust, and that, a company cannot object to enter the name of the Public Trustee on its books, by reason only of the fact that the Public Trustee... is a corporation.
Teansper of Seoukities to Public Trustee 49 The commonest forms of transfer are — (a) By deed.
(6) By inscription in the books of the company con- taining a list of the stock and shareholders.
(a) By Deed. — ^Where stocks and shares are transfer- able by deed the ordinary deed of transfer is, as a rule, used.
The draft of the transfer deed should in the first instance be sent to the Public Trustee for " earmarking." After it has been engrossed and executed by the transferor it should be forwarded to the Public Trustee for sealing, and directions should be given to the company for the fresh certificate issuable by them to be sent direct to the Public Trustee.
What to read after An Epitome of the Law Relating to the Public Trustee And of the Practice in the Department?
You can find similar books in the "Read Also" column, or choose other free books by Fulton, Leonard Jessopp to read onlineMoreLess
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