This legislation has been repealed.
(1) The Registrar may
at the request of any owner or his agent mark a form of transfer of stock,
that has been properly executed by the owner, with the words “Stock held
against this transfer for $ . . . . . . . for a period of fourteen days
from . . . . . . . . . . . . . ”. Where a form of transfer of stock is
so marked, the Registrar shall refuse to give effect to any dealing in stock
to which the transfer relates, within the period of fourteen days in respect
of the amount of the inscription so marked except on completion of the marked
transfer.
(2) Nothing in this
regulation shall prevent the owner from surrendering to the Registrar a marked
form of transfer of stock for cancellation within the period of fourteen days
provided that the form of transfer of stock has not been executed by a
transferee.
(3) A form of transfer
of stock may be registered at any time within fourteen days after the time the
Registrar has marked it, notwithstanding that the transferor after executing
the transfer has died, or has become bankrupt or insolvent, but after the
expiry of the period of fourteen days, the Registrar shall refuse to register
the transfer if he has had notice of the death, bankruptcy or insolvency of
the transferor.