# Companies Act 1948, Paragraph 13


To give effect to any such sale the directors may authorise some person to transfer the shares sold to the purchaser thereof. The purchaser shall be registered as the holder of the shares comprised in any such transfer, and he shall not be bound to see to the application of the purchase money, nor shall his title to the shares be affected by any irregularity or invalidity in the proceedings in reference to the sale.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/schedule/FIRST/group/TABLEn1/group/TABLE/part/I/crossheading/lien/paragraph/13 (the official version)
Page: https://openlegislation.uk/companies-act-1948/schedule-FIRST/group-TABLEn1/group-TABLE/part-I/crossheading-lien/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.