Commonwealth Numbered Acts

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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1343

Disposal of securities if whereabouts of holder unknown
1343. Where a person has been shown in an appropriate register of a company as
the holder of securities of the company for a period of at least 6 years and
the company has, for a period of at least 6 years:

   (a)  had reasonable grounds for believing that the person was not residing
        at the address shown in the register as the person's address; and

   (b)  on each occasion during that last-mentioned period when, whether or
        not in accordance with a provision of this Act, it sought to
        communicate with the person, being unable after the exercise of
        reasonable diligence to do so; the company may, by executing a
        transfer for and on behalf of the person, transfer to the Minister:

   (c)  the securities; and

   (d)  any rights in respect of the securities; to be dealt with under this
        Part. 


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