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Page 102

CHAPTER 10
SHARES

notice of the trust and becomes registered as owner, Z. will have priority over Y. A company, however, is entitled to a reasonable time for the consideration of every transfer before it registers the transfer, (25) and therefore if Y., in the example just given, had given notice of his claim to the company before Z. was actually registered as owner, lie would have been entitled to priority over Z., as his equitable title was first in time. (26)

Peat v. Clayton, [1906] 1 Ch. 659. C. assigned all his property to P. as trustee for his creditors. The property included some shares. P. asked for the share certificates but was unable to obtain them from C.; he then gave notice of the assignment to the company. C., after the date of the assignment to P., sold the shares to X., who applied for registration. Held., P., having the equitable title which was prior in time, was entitled to registration.

Entry on the register after notice of a prior equitable claim will not give priority.

Coleman v. London County and Westminster Bank, [1916] 2 Ch. 353. In 1893 X. transferred debentures to Y. on trust for X."s sons. The transfer was not registered. In 1894 one son sold his share of the debentures to Z. In 1911 X. deposited the debentures with the bank as security for an overdraft. In 1914 the bank, on learning of the sale to Z., took a transfer of the debentures, and were registered as owners. Held, Z. was entitled to priority over the bank.

It has been said (26) that even if a complete legal title has not been obtained, a person who has an unconditional right to registration as against the company has the same priority as if he were actually registered. It is doubtful, however, whether anything short of registration will give priority, except perhaps in very special circumstances.(27) A company should refuse to register a transfer after it receives notice of an adverse equitable claim, unless the transfer has already been passed for registration.

TRANSMISSION OF SHARES
Transmission of shares occurs on the death or the bankruptcy of a member or, if the member is a company, on its going into liquidation.
On the death of a sole shareholder the shares vest in his personal representative. The company is bound to accept production of the probate or, in the case of an intestacy, letters of administration to the estate as sufficient evidence (s. 82). A fee may be charged for the registration of probate or letters of administration-see Table A, Art. 28.

25 In re Ottos Kopje Diamond Mines, [1893] 1 Ch. 618.
26 Moore v. North Western Bank, [1891] 2 Ch. 599.
27 Ireland v. Hart, [1902] 1 Ch. 522.

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where is HTML where is HEAD where is TITLE notice of what is trust and becomes registered as owner, Z. will have priority over Y. A company, however, is entitled to a reasonable time for what is consideration of every transfer before it registers what is transfer, (25) and therefore if Y., in what is example just given, had given notice of his claim to what is company before Z. was actually registered as owner, lie would have been entitled to priority over Z., as his equitable title was first in time. (26) Peat v. Clayton, [1906] 1 Ch. 659. C. assigned all his property to P. as trustee for his creditors. what is property included some shares. P. asked for what is share certificates but was unable to obtain them from C.; he then gave notice of what is assignment to what is company. C., after what is date of what is assignment to P., sold what is shares to X., who applied for registration. Held., P., having what is equitable title which was prior in time, was entitled to registration. Entry on what is register after notice of a prior equitable claim will not give priority. Coleman v. London County and Westminster Bank, [1916] 2 Ch. 353. In 1893 X. transferred debentures to Y. on trust for X."s sons. what is transfer was not registered. In 1894 one son sold his share of what is debentures to Z. In 1911 X. deposited what is debentures with what is bank as security for an overdraft. In 1914 what is bank, on learning of what is sale to Z., took a transfer of what is debentures, and were registered as owners. Held, Z. was entitled to priority over what is bank. It has been said (26) that even if a complete legal title has not been obtained, a person who has an unconditional right to registration as against what is company has what is same priority as if he were actually registered. It is doubtful, however, whether anything short of registration will give priority, except perhaps in very special circumstances.(27) A company should refuse to register a transfer after it receives notice of an adverse equitable claim, unless what is transfer has already been passed for registration. TRANSMISSION OF SHARES Transmission of shares occurs on what is what time is it or what is bankruptcy of a member or, if what is member is a company, on its going into liquidation. On what is what time is it of a sole shareholder what is shares vest in his personal representative. what is company is bound to accept production of what is probate or, in what is case of an intestacy, letters of administration to what is estate as sufficient evidence (s. 82). A fee may be charged for what is registration of probate or letters of administration-see Table A, Art. 28. 25 In re Ottos Kopje Diamond Mines, [1893] 1 Ch. 618. 26 Moore v. North Western Bank, [1891] 2 Ch. 599. 27 Ireland v. Hart, [1902] 1 Ch. 522. 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 102 where is strong CHAPTER 10 SHARES where is p align="justify" notice of what is trust and becomes registered as owner, Z. will have priority over Y. A company, however, is entitled to a reasonable time for what is consideration of every transfer before it registers what is transfer, (25) and therefore if Y., in what is example just given, had given notice of his claim to what is company before Z. was actually registered as owner, lie would have been entitled to priority over Z., as his equitable title was first in time. (26) Peat v. Clayton, [1906] 1 Ch. 659. C. assigned all his property to P. as trustee for his creditors. what is property included some shares. P. asked for what is share certificates but was unable to obtain them from C.; he then gave notice of what is assignment to what is company. C., after what is date of what is assignment to P., sold what is shares to X., who applied for registration. Held., P., having what is equitable title which was prior in time, was entitled to registration. Entry on what is register after notice of a prior equitable claim will not give priority. Coleman v. London County and Westminster Bank, [1916] 2 Ch. 353. In 1893 X. transferred debentures to Y. on trust for X."s sons. what is transfer was not registered. In 1894 one son sold his share of what is debentures to Z. In 1911 X. deposited what is debentures with what is bank as security for an overdraft. In 1914 what is bank, on learning of what is sale to Z., took a transfer of what is debentures, and were registered as owners. Held, Z. was entitled to priority over what is bank. It has been said (26) that even if a complete legal title has not been obtained, a person who has an unconditional right to registration as against what is company has what is same priority as if he were actually registered. It is doubtful, however, whether anything short of registration will give priority, except perhaps in very special circumstances.(27) A company should refuse to register a transfer after it receives notice of an adverse equitable claim, unless what is transfer has already been passed for registration. TRANSMISSION OF SHARES Transmission of shares occurs on what is what time is it or what is bankruptcy of a member or, if what is member is a company, on its going into liquidation. On what is what time is it of a sole shareholder what is shares vest in his personal representative. what is company is bound to accept production of what is probate or, in what is case of an intestacy, letters of administration to what is estate as sufficient evidence (s. 82). A fee may be charged for what is registration of probate or letters of administration-see Table A, Art. 28. 25 In re Ottos Kopje Diamond Mines, [1893] 1 Ch. 618. 26 Moore v. North Western Bank, [1891] 2 Ch. 599. 27 Ireland v. Hart, [1902] 1 Ch. 522. where is Server.Execute("_SiteMap.asp") %

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