Section 109 Penalty for issuing stock certificate unstamped.F1
F2(1)
Where the holder of a stock certificate to bearer has been entered on the register of the local authority as the owner of the share of stock described in the certificate, the certificate shall be forthwith cancelled so as to be incapable of being re-issued to any person.
(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
Annotations
Textual amendments
- F1
S. 109 extended by Finance Act 1899 (c. 9), s. 5
- F2
S. 109(1) extended by Finance Act 1946 (c. 64), s.56(2)
- F3
Ss. 107, 108, 109(2) repealed by Finance Act 1963 (c. 25), Sch. 14 Pt. IV