This legislation has been repealed.
(1) As soon as
possible after the registration of any transfer or transmission of stock, the
amount of stock transferred or transmitted shall be debited in the proper
account in the stock ledger and be forthwith credited in that ledger to the
account of the person or persons to whom it has been so transferred or
transmitted, and the Registrar shall cause the stock ledger to be compared
with the transfers and applications to ascertain that all the business
transacted has been duly and properly entered and recorded.
(2) Registration shall
not be made of any application for transfer, or any other transaction that
would affect the balance of stock inscribed, received within fourteen days
prior to the date on which interest is due, or during the period of twenty-one
days immediately preceding the date of maturity of stock.