CORPORATIONS LAW- SECT 1103 Transferee's execution of transfer of marketable securities

Commonwealth Repealed Acts

This legislation has been repealed.

Transferee's execution of transfer of marketable securities

(1): This section applies where marketable securities are transferred by means of a sufficient transfer under this Division.
(2): The transferee shall be deemed to have agreed at the execution time to accept the securities subject to the terms and conditions on which the transferor held them at that time, being the terms and conditions applicable as between the issuing body in relation to, and the holder for the time being of, the securities.
(3): If the securities are shares, the transferee shall be deemed to have agreed at the execution time to become a member of the issuing body and to be bound, on being registered as the holder of the shares, by the issuing body's constitution.