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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 15

Transfers of shares to be registered, &c.

15. The said deed of transfer (when duly executed) shall be delivered to the
secretary, and be kept by him; and the secretary shall enter a memorial
thereof in a book to be called the "Register of Transfers," and shall endorse
such entry on the deed of transfer, and shall, on demand, deliver a new
certificate to the purchaser; and for every such entry, together with such
endorsement and certificate, the company may demand any sum not exceeding the
prescribed amount, or if no amount be prescribed then a sum not exceeding
[12p]; and on the request of the purchaser of any share an endorsement of such
transfer shall be made on the certificate of such share, instead of a new
certificate being granted; and such endorsement, being signed by the
secretary, shall be considered in every respect the same as a new certificate;
and until such transfer has been so delivered to the secretary as aforesaid
the vendor of the share shall continue liable to the company for any calls
that may be made upon such share, and the purchaser of the share shall not be
entitled to receive any share of the profits of the undertaking, or to vote in
respect of such share.

© 1845 Crown Copyright

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