Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 141

141. (1) The bearer of a share warrant issued by a Division 3 company before
its registration day is entitled, on surrendering the share warrant to the
company for cancellation, to have the bearer's name entered as a member in the
company's register of members.

(2) A Division 3 company is liable to compensate a person for any loss
incurred by the person because of the company entering in its register of
members the name of the bearer of a share warrant issued by the company,
before its registration day, in respect of shares specified in the share
warrant, without the share warrant being surrendered and cancelled.

(3) Subject to this section, the articles of a Division 3 company may provide
that the bearer of a share warrant in relation to shares in the company is to
be deemed to be a member of the company for all purposes or for specified
purposes.