Inscription on transmission
25 Inscription on transmission
(1) A person to whom stock is transmitted may apply to be inscribed as the owner of the stock.
An application under subregulation (1) is to be:
in accordance with a form approved by the Corporation;
executed by the applicant; and
lodged at the registry.
(3) A signature on an application referred to in subregulation (2) is to be verified in a manner approved by the Corporation.
(4) Where stock is transmitted because of a death, the person claiming entitlement to the stock is to lodge at the registry an attested copy of the probate of the will, letters of administration or other instrument that is evidence that the person is so entitled.
(5) Where stock is transmitted because of bankruptcy, the person claiming entitlement to the stock is to lodge at the registry an office copy of the adjudication, order of sequestration or vesting order issued in relation to the bankruptcy.
The registrar is to:
enter a record of a transmission of stock in the register; and
(b) where the person entitled to the stock has elected under regulation 24 to register the stock in his or her name, inscribe the name of that person in the register as the owner of the stock.
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