Northern Territory Consolidated Regulations Northern Territory Consolidated Regulations(1) Subject to section 17 of the Act, the registrar is to register the individual name of an executor, administrator or trustee, without reference to the individual's trusteeship.
(2) Subject to section 17 of the Act, an owner of stock is to be taken to be the legal and beneficial owner of the stock, and, subject to this Part, has the power to dispose of and transfer the stock.
(3) The registrar is to inscribe stock:
(a) in the name of one person only; or
(b) where 2 or more persons make a joint application for the issue of stock, in those persons' names as joint owners.
(4) Stock may be inscribed in the name of a corporation if, before the first inscription of stock in the name of the corporation, the corporation supplies the registrar with:
(a) a copy, authenticated under the seal of the corporation, of the Certificate of Incorporation, Constitution or Act under which the corporation is constituted and the registrar is satisfied that the corporation has been so constituted;
(b) a specimen of the seal of the corporation certified by the corporation; and
(c) a copy, authenticated under the seal of the corporation, of the provisions of the document in accordance with which the corporation may affix its seal.
(5) The registrar may inscribe stock in the name of an unincorporated association or partnership if it has supplied the registrar with a certificate containing the names and signatures of 2 or more persons who are jointly appointed and authorised by the unincorporated association or partnership to act on its behalf.
(6) The registrar may require from the persons described in the certificate referred to in subregulation (5) a declaration that they have not received notice of revocation of the appointment.