Section 11: Transfer of stock
consolidated text (as at 2007). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
11. Transfer of stock
(1) Stock may be transferred by a written instrument in a form approved
by the Bank.
(2) Where stock is transferred, the date of the transfer and the name of
the transferee shall be entered in the register.
(3) Where a transfer of stock has been entered in the register, the Bank
shall, within 30 days of the transfer, issue a certificate to the transferee to
that effect and cancel the previous certificate.
(4) A certificate issued under subsection (3) shall be prima facie evidence
of the title of the holder of the certificate to the stock specified in it.