STOCK TRANSFER ACT (NORTHERN IRELAND) 1963

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STOCK TRANSFER ACT (NORTHERN IRELAND) 1963 - SECT 1



1.(1) Registered securities to which this section applies may be transferred
by means of an instrument under hand in the form set out in Schedule 1 (in
this Act referred to as a stock transfer), executed by the transferor only and
specifying (in addition to the particulars of the consideration, of the
description and number or amount of the securities, and of the person by whom
the transfer is made) the full name and address of the transferee.

(2) The execution of a stock transfer need not be attested; and where such a
transfer has been executed for the purpose of a stock exchange transaction,
the particulars of the consideration and of the transferee may either be
inserted in that transfer or, as the case may require, be supplied by means of
separate instruments in the form set out in Schedule 2 (in this Act referred
to as brokers transfers), identifying the stock transfer and specifying the
securities to which each such instrument relates and the consideration paid
for those securities.

(3) Nothing in this section shall be construed as affecting the validity of
any instrument which would be effective to transfer securities apart from this
section; and any instrument purporting to be made in any form which was common
or usual before the commencement of this Act, or in any other form authorised
or required for that purpose apart from this section, shall be sufficient,
whether or not it is completed in accordance with the form, if it complies
with the requirements as to execution and contents which apply to a stock
transfer.

(4) This section applies to fully paid up registered securities of any
description, being

(a)securities issued by any company within the meaning of the Companies Act
(Northern Ireland) 1960 except a company limited by guarantee or an unlimited
company;

(b)securities issued by any body (other than a company within the meaning of
the said Act) incorporated or deemed to be incorporated in Northern Ireland by
or under any enactment or by Royal Charter except a building society
registered under the Building Societies Acts (Northern Ireland) 1874 to 1940
or a society registered under the Industrial and Provident Societies Act 1893;

(c)securities issued by the Government of Northern Ireland, except Ulster
Savings Certificates and Ulster Development Bonds;

(d)securities issued by any local authority;

(e)units of a unit trust scheme, or other shares of the investments subject to
the trusts of such a scheme, being a scheme in the case of which there is in
force an order of the Ministry of Commerce under section 16 of the Prevention
of Fraud (Investments) Act (Northern Ireland) 1940.

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Northern Irish Legislation

STOCK TRANSFER ACT (NORTHERN IRELAND) 1963 - SECT 1