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Page 273

CHAPTER 26
STATUTORY COMPANIES.

differs from that of a member of a registered company. In the case of a registered company a creditor of the company has no direct remedy against a shareholder whose shares are not fully paid up-his only remedy is to have the company wound up, when the liquidator will make the necessary calls. But in the case of a statutory company, a creditor of the company may issue execution against a shareholder if
1. Execution has been issued against the property of the company ;
2. The execution is not sufficient to satisfy the debt;
3. The shareholder holds shares not fully paid up; and
4. The leave of the Court is obtained. (27)
Transfer of Shares.-Subject to the provisions of the 1845 Act and the special Act, every shareholder may transfer his shares or stock. The transfer is by deed duly stamped, in which the consideration is truly stated. The deed may be in the form given in Sched. B to the 1845 Act or to the like effect, and requires execution by the transferor and the transferee.
The procedure on transfer is for the deed of transfer to be sent to the secretary, who then enters a memorial in the register of transfer and makes an endorsement of the entry on the deed of transfer, and a certificate is then issued to the transferee on demand. An alternative procedure, which can be used at the transferee's request, is for an endorsement, signed by the secretary, to be made on the certificate instead of a new certificate being granted. In either case the company can demand a fee of 2s. 6d.
No shareholder can transfer any partly paid share after a call has been made until he has paid the call and all calls on all the shares he holds. A company cannot, however refuse to register a transfer of fully paid shares because calls are in arrear on some partly paid shares held by the same member. (28)
The transfer books may be closed for fourteen days before each ordinary meeting on seven days' notice being given by advertisement.(29)
Stock is transferred in the same manner and subject to the same conditions as shares. (30)

27 Companies Clauses Act, 1845, s. 36.
28 Hubbersty v. Manchester, Sheffield and Lincolnshire By. (1867), L. R. 2 Q. B. 59, 471.
29 Companies Clauses Act, 1845, ss. 14-17.
30 Ibid., s. 62.

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where is HTML where is HEAD where is TITLE differs from that of a member of a registered company. In what is case of a registered company a creditor of what is company has no direct remedy against a shareholder whose shares are not fully paid up-his only remedy is to have what is company wound up, when what is liquidator will make what is necessary calls. But in what is case of a statutory company, a creditor of what is company may issue execution against a shareholder if 1. Execution has been issued against what is property of what is company ; 2. what is execution is not sufficient to satisfy what is debt; 3. what is shareholder holds shares not fully paid up; and 4. what is leave of what is Court is obtained. (27) Transfer of Shares.-Subject to what is provisions of what is 1845 Act and what is special Act, every shareholder may transfer his shares or stock. what is transfer is by deed duly stamped, in which what is consideration is truly stated. what is deed may be in what is form given in Sched. B to what is 1845 Act or to what is like effect, and requires execution by what is transferor and what is transferee. what is procedure on transfer is for what is deed of transfer to be sent to what is secretary, who then enters a memorial in what is register of transfer and makes an endorsement of what is entry on what is deed of transfer, and a certificate is then issued to what is transferee on demand. An alternative procedure, which can be used at what is transferee's request, is for an endorsement, signed by what is secretary, to be made on what is certificate instead of a new certificate being granted. In either case what is company can demand a fee of 2s. 6d. No shareholder can transfer any partly paid share after a call has been made until he has paid what is call and all calls on all what is shares he holds. A company cannot, however refuse to register a transfer of fully paid shares because calls are in arrear on some partly paid shares held by what is same member. (28) what is transfer books may be closed for fourteen days before each ordinary meeting on seven days' notice being given by advertisement.(29) Stock is transferred in what is same manner and subject to what is same conditions as shares. (30) 27 Companies Clauses Act, 1845, s. 36. 28 Hubbersty v. Manchester, Sheffield and Lincolnshire By. (1867), L. R. 2 Q. B. 59, 471. 29 Companies Clauses Act, 1845, ss. 14-17. 30 Ibid., s. 62. 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 273 where is strong CHAPTER 26 STATUTORY COMPANIES. where is p align="justify" differs from that of a member of a registered company. In what is case of a registered company a creditor of the company has no direct remedy against a shareholder whose shares are not fully paid up-his only remedy is to have what is company wound up, when what is liquidator will make what is necessary calls. But in the case of a statutory company, a creditor of what is company may issue execution against a shareholder if 1. Execution has been issued against what is property of the company ; 2. what is execution is not sufficient to satisfy what is debt; 3. what is shareholder holds shares not fully paid up; and 4. what is leave of what is Court is obtained. (27) Transfer of Shares.-Subject to what is provisions of what is 1845 Act and what is special Act, every shareholder may transfer his shares or stock. what is transfer is by deed duly stamped, in which what is consideration is truly stated. what is deed may be in what is form given in Sched. B to what is 1845 Act or to what is like effect, and requires execution by what is transferor and what is transferee. what is procedure on transfer is for what is deed of transfer to be sent to what is secretary, who then enters a memorial in what is register of transfer and makes an endorsement of what is entry on what is deed of transfer, and a certificate is then issued to what is transferee on demand. An alternative procedure, which can be used at what is transferee's request, is for an endorsement, signed by what is secretary, to be made on the certificate instead of a new certificate being granted. In either case what is company can demand a fee of 2s. 6d. No shareholder can transfer any partly paid share after a call has been made until he has paid what is call and all calls on all the shares he holds. A company cannot, however refuse to register a transfer of fully paid shares because calls are in arrear on some partly paid shares held by what is same member. (28) what is transfer books may be closed for fourteen days before each ordinary meeting on seven days' notice being given by advertisement.(29) Stock is transferred in what is same manner and subject to what is same conditions as shares. (30) 27 Companies Clauses Act, 1845, s. 36. 28 Hubbersty v. Manchester, Sheffield and Lincolnshire By. (1867), L. R. 2 Q. B. 59, 471. 29 Companies Clauses Act, 1845, ss. 14-17. 30 Ibid., s. 62. where is Server.Execute("_SiteMap.asp") %

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