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Page 68

CHAPTER 8
MEMBERSHIP OF A COMPANY

The Personal Representatives of a deceased member succeed to the shares on the death of the member. They must produce the probate or letters of administration to the company, and this must be accepted by the company as sufficient evidence of the grant, notwithstanding anything in the articles (s. 82). Production to the company of the probate or letters of administration does not make the personal representatives members of the company. The deceased member remains the member, and his personal representatives are only liable for calls to the extent of the assets in their hands. If default is made in paying calls, an order for the administration of the estate of the deceased member can be obtained by the company (s. 215). The personal representatives are entitled to sell the shares without being registered as members (s. 76), and receive all dividends, bonuses or other benefits from the shares, but the articles usually prevent them from voting at meetings. Table A, Art. 32, provides:

" A person becoming entitled to a share by reason of the death or bankruptcy of the holder shall be entitled to the same dividends and other advantages to which he would be entitled if he were the registered holder of the share, except that he shall not, before being registered as a member in respect of the share, be entitled in respect of it to exercise any right, conferred by membership in relation to meetings of the . company."

To escape the disadvantage of having representative members, the articles frequently contain provisions to compel the registration of a member in respect of the shares.
This is done in Table A, the proviso to Art. 32 being
" The directors may at any time give notice requiring any such person to elect either to be registered himself or to transfer the share and if the notice is not complied with within ninety days the directors may thereafter withhold payment of all dividends, bonuses or other moneys payable in respect of the share until the requirements of the notice have been complied with."
Personal representatives are entitled, if they so choose, to be registered as members, and not in their representative capacity. (17)In such a case they become personally liable for calls, although they have a right of indemnity against the estate. (18) The company may have under its articles the same power to decline to register personal representatives as members as it would have had in the case of a. transfer by the deceased shareholder before his death.

17 Edwards v. Ran8omes and Rapier, Ltd., [1930] W. N. 180.
18 Duff's Executors' Case (1886), 32 Ch. D. 301, 309.

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where is HTML where is HEAD where is TITLE The Personal Representatives of a deceased member succeed to what is shares on what is what time is it of what is member. They must produce what is probate or letters of administration to what is company, and this must be accepted by what is company as sufficient evidence of what is grant, notwithstanding anything in what is articles (s. 82). Production to what is company of what is probate or letters of administration does not make what is personal representatives members of what is company. what is deceased member remains what is member, and his personal representatives are only liable for calls to what is extent of what is assets in their hands. If default is made in paying calls, an order for what is administration of what is estate of what is deceased member can be obtained by what is company (s. 215). what is personal representatives are entitled to sell what is shares without being registered as members (s. 76), and receive all dividends, bonuses or other benefits from what is shares, but what is articles usually prevent them from voting at meetings. Table A, Art. 32, provides: " A person becoming entitled to a share by reason of what is what time is it or bankruptcy of what is holder shall be entitled to what is same dividends and other advantages to which he would be entitled if he were what is registered holder of what is share, except that he shall not, before being registered as a member in respect of what is share, be entitled in respect of it to exercise any right, conferred by membership in relation to meetings of what is . company." To escape what is disadvantage of having representative members, what is articles frequently contain provisions to compel what is registration of a member in respect of what is shares. This is done in Table A, what is proviso to Art. 32 being " what is directors may at any time give notice requiring any such person to elect either to be registered himself or to transfer what is share and if what is notice is not complied with within ninety days what is directors may thereafter withhold payment of all dividends, bonuses or other moneys payable in respect of what is share until what is requirements of what is notice have been complied with." Personal representatives are entitled, if they so choose, to be registered as members, and not in their representative capacity. (17)In such a case they become personally liable for calls, although they have a right of indemnity against what is estate. (18) what is company may have under its articles what is same power to decline to register personal representatives as members as it would have had in what is case of a. transfer by what is deceased shareholder before his what time is it . 17 Edwards v. Ran8omes and Rapier, Ltd., [1930] W. N. 180. 18 Duff's Executors' Case (1886), 32 Ch. D. 301, 309. where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 68 where is strong CHAPTER 8 MEMBERSHIP OF A COMPANY where is p align="justify" The Personal Representatives of a deceased member succeed to what is shares on what is what time is it of what is member. They must produce what is probate or letters of administration to what is company, and this must be accepted by what is company as sufficient evidence of what is grant, notwithstanding anything in what is articles (s. 82). Production to what is company of what is probate or letters of administration does not make what is personal representatives members of what is company. what is deceased member remains what is member, and his personal representatives are only liable for calls to what is extent of what is assets in their hands. If default is made in paying calls, an order for what is administration of what is estate of what is deceased member can be obtained by what is company (s. 215). what is personal representatives are entitled to sell what is shares without being registered as members (s. 76), and receive all dividends, bonuses or other benefits from what is shares, but what is articles usually prevent them from voting at meetings. Table A, Art. 32, provides: " A person becoming entitled to a share by reason of what is what time is it or bankruptcy of what is holder shall be entitled to what is same dividends and other advantages to which he would be entitled if he were what is registered holder of what is share, except that he shall not, before being registered as a member in respect of what is share, be entitled in respect of it to exercise any right, conferred by membership in relation to meetings of what is . company." To escape what is disadvantage of having representative members, what is articles frequently contain provisions to compel what is registration of a member in respect of what is shares. This is done in Table A, what is proviso to Art. 32 being " what is directors may at any time give notice requiring any such person to elect either to be registered himself or to transfer what is share and if what is notice is not complied with within ninety days what is directors may thereafter withhold payment of all dividends, bonuses or other moneys payable in respect of what is share until what is requirements of what is notice have been complied with." Personal representatives are entitled, if they so choose, to be registered as members, and not in their representative capacity. (17)In such a case they become personally liable for calls, although they have a right of indemnity against what is estate. (18) what is company may have under its articles what is same power to decline to register personal representatives as members as it would have had in what is case of a. transfer by what is deceased shareholder before his what time is it . 17 Edwards v. Ran8omes and Rapier, Ltd., [1930] W. N. 180. 18 Duff's Executors' Case (1886), 32 Ch. D. 301, 309. where is Server.Execute("_SiteMap.asp") %

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