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)
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.
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.
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.
History
S 1087(3) substituted by No 110 of 1990, Sch 1 (effective 18 December 1990).
View history note
Hide history note