CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.11 - TITLE AND TRANSFER  

Division 1 - Title to certain securities  

SECTION 1070C   MATTERS TO BE SPECIFIED IN SHARE CERTIFICATE  

1070C(1)   [ Content of share certificate]  

A company must ensure that a certificate it issues specifying the shares held by a member of the company states:


(a) the name of the company and the fact that it is registered under this Act; and


(b) the class of the shares; and


(c) the amount (if any) unpaid on the shares.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).

1070C(2)   [ Title]  

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

1070C(3)   [ Rights of holder unaffected]  

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


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