THE CORPORATIONS LAW

CHAPTER 9 - MISCELLANEOUS

PART 9.7 - UNCLAIMED PROPERTY

SECTION 1343   DISPOSAL OF SECURITIES IF WHEREABOUTS OF HOLDER UNKNOWN  

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1343    Where a person has been shown in an appropriate register of a company as the holder of securities of the company for a period of at least 6 years and the company has, for a period of at least 6 years:

(a)  had reasonable grounds for believing that the person was not residing at the address shown in the register as the person's address; and

(b)  on each occasion during that last-mentioned period when, whether or not in accordance with a provision of this Law, it sought to communicate with the person, being unable after the exercise of reasonable diligence to do so;

the company may, by executing a transfer for and on behalf of the person, transfer to the Commission:

(c)  the securities; and

(d)  any rights in respect of the securities;

to be dealt with under this Part.

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