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 3 - Transfer of marketable securities and marketable rights
Subdivision C - SCH-regulated transfers
History
Heading inserted by No 210 of 1992, s 166 (effective 23 June
1993).
SECTION 1109M
TRUSTEES AND LEGAL REPRESENTATIVES MAY BE SCH PARTICIPANTS ETC
1109M(1)
[Trustee or legal representative]
A trustee, or a legal representative of a dead person, who, as trustee or legal representative, holds a quoted security or a quoted right may:
(a)
subject to the requirements of the SCH business rules, be an SCH participant; and
(b)
have the security or right converted into, and hold it in, a form in which it may be transferred in accordance with the SCH business rules.
History
S 1109M(1) inserted by No 210 of 1992, s 166 (effective 23 June 1993).
1109M(2)
[Limited effect of sec 1109M(1)]
Nothing in subsection
(1) authorises the trustee or legal representative to do a thing that the trustee or legal representative is expressly prohibited from doing by any law or by the terms and conditions on which he, she or it holds office.
History
S 1109M(2) inserted by No 210 of 1992, s 166 (effective 23 June 1993).
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