Regulation 32 Power of holder of stock to make nomination
Subject to the provisions of these Regulations, a holder of stock, being a person who has attained the age of sixteen years, may make a nomination directing that, on his death, his interest in any stock then held by him and registered in his name shall devolve in such manner as may, in accordance with the provisions of paragraph (2) of this Regulation, be provided by the nomination.
A nomination may provide—
that the interest of the nominator in the whole of the stock registered in his name at the date of his death shall devolve on any one or more persons specified in the nomination; or
that the interest of the nominator in any specified portion or fraction of the said stock shall devolve on any nominee or nominees so specified; or
where there is more than one nominee, that the interest of the nominator in different specified portions or fractions of the said stock shall devolve on different nominees.