Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1087

1087. (1) A certificate issued in accordance with subsection (2) specifying
any shares held by a member of a company is prima facie evidence of the title
of the member to the shares.

(2) Such a certificate shall be under the common seal of the company or, in
the case of a share certificate relating to shares on a branch register, the
common or official seal of the company and shall state:

   (a)  the name of the company and the short title of this Act;

   (b)  the class of the shares; and

   (c)  the nominal value of the shares and the extent to which the shares are
        paid up.

(3) Failure to comply with this section does not affect the rights of a holder
of shares.