Western Australian Repealed Regulations Western Australian Repealed RegulationsThis legislation has been repealed.
(1) The Registrar
shall keep at the office of the Port Authority books to be called
“Transfer Books” wherein all transfer of stock or any part thereof
shall be entered and registered, which entries shall be numbered in such
manner as the Port Authority determines.
(2) A transfer of
stock shall be in accordance with Form No. 2 in the schedule and shall be
signed or, in the case of a corporation, unless executed under power of
attorney, be properly sealed, by both the transferor and the transferee, each
of whom shall be notified of the completion of the transaction.
(3) In the case of a
transfer or transmission from or to joint owners it shall be sufficient notice
to the joint owners if the person whose name is inscribed first in the stock
ledger is notified of the completion of the transaction.
(4) Every party to the
transfer shall sign the transfer of stock form in the presence of a witness,
who shall be a Justice of the Peace, Commissioner of Affidavits, Commonwealth
or State Commissioner for Declarations, notary public, solicitor, member of a
recognised Stock Exchange, an officer of the Registry, a bank manager (who
shall sign as such and add the bank stamp) or any other person approved by the
Registrar. Such witness shall state the capacity in which he has attested the
signature.
(5) A person (not
being an officer of the Port Authority) shall not attest the signature to a
transfer and acceptance unless the person whose signature he is attesting is
personally known to him.
(6) Every transfer
shall pass the right to all interest becoming due and payable after the date
of registration thereof, so that the Port Authority shall not be under any
necessity to apportion any such interest as between the transferor and the
transferee.