--(1) Any person entitled to the debenture or stock may apply to the receiver to register any transfer or transmission of any such debentures or stock.
--(2) That person must supply to the receiver such evidence of identity or title as the receiver may reasonably require.
--(3) Before registering any transfer or other transmission, the receiver must send to the registered holder of such debentures or stock at his registered address a notice stating-
----(a) that an application for registration of the transfer has been made; and
----(b) that the registration will be made unless the registered holder notifies the receiver of his objection to the registration within a time stated in the notice.
--(4) That time must not be less than 14 days from the date on which the registered holder should have received the notice in the ordinary course of post.
--(5) The transfer or transmission must not be registered until the time stated in the notice has passed.
--(6) On registering the transfer or transmission the receiver must endorse a memorandum on the debenture or certificate of debenture stock identifying the action and the order appointing him as receiver.
Notes
Back to Part (75. Debenture Holders Claims)