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 3 - Transfer of marketable securities and marketable rights

Subdivision C - SCH-regulated transfers

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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  

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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.

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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.

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History

S 1109M(2) inserted by No 210 of 1992, s 166 (effective 23 June 1993).

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