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Paragraph 65 Transmission of sharesI1

United Kingdom

(1)

If title to a share passes to a transmittee, the company may only recognise the transmittee as having any title to that share.

(2)

Nothing in these articles releases the estate of a deceased member from any liability in respect of a share solely or jointly held by that member.

Annotations

Commencement

I1

Sch. 3 art. 65 in force at 1.10.2009, see reg. 1