Transmission of shares: nominee may choose registration or transfer, subject to transfer restrictions and board notice. A nominee entitled by reason of a holder's death may elect to be registered as holder or to transfer the share or debenture; registration requires a signed notice with the death certificate. Existing statutory limitations on transfers and registrations apply, the nominee receives dividends and financial advantages but cannot exercise meeting rights until registered, and the board may require election and withhold payments until compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transmission of shares: nominee may choose registration or transfer, subject to transfer restrictions and board notice.
A nominee entitled by reason of a holder's death may elect to be registered as holder or to transfer the share or debenture; registration requires a signed notice with the death certificate. Existing statutory limitations on transfers and registrations apply, the nominee receives dividends and financial advantages but cannot exercise meeting rights until registered, and the board may require election and withhold payments until compliance.
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