Commonwealth Repealed Acts
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This legislation has been repealed.
CORPORATIONS LAW- SECT 1343
Disposal of securities if whereabouts of holder unknown
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 Law, 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 Commission:
- (c)
- the securities; and
- (d)
- any rights in respect of the securities;
to be dealt with under this Part.
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