THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 7 - SECURITIES

PART 7.13 - TITLE TO, AND TRANSFER OF, SECURITIES

Division 1 - Title to securities

SECTION 1087   CERTIFICATE TO BE EVIDENCE OF TITLE  

1087(1)  (Content and form of certificate)  

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A certificate issued after the commencement of Schedule 5 to the Company Law Review Act 1998 specifying shares held by a member of a company must state:

(a)  the name of the company and its jurisdiction of registration; and

(b)  the class of the shares; and

(c)  the unpaid [sic] on the shares.

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History

S 1087(1) substituted by No 61 of 1998, Sch 5 (effective 1 July 1998).

S 1087(1) substituted by No 61 of 1998, Sch 2, Pt 1 (effective 1 July 1998).

1087(2)  [Prima facie evidence of title]  

A certificate issued in accordance with subsection (1) or a corresponding previous law specifying shares held by a member of a company is prima facie evidence of the title of the member to the shares.

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History

S 1087(2) substituted by No 110 of 1990, Sch 1 (effective 18 December 1990).

1087(3)  [Shareholder's rights unaffected]  

A failure to comply with subsection (1) does not affect the rights of a holder of shares.

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History

S 1087(3) substituted by No 110 of 1990, Sch 1 (effective 18 December 1990).

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