Transfer of negotiable instruments: Tax Recovery Officer may execute endorsements and appoint recipients, purchaser bears expenses. The Tax Recovery Officer may execute documents or make endorsements required to transfer negotiable instruments or shares sold under the Second Schedule, and such execution or endorsement has the same effect as performance by the registered holder. The Officer may execute and register documents on proper stamp paper where required, with the purchaser bearing the expenses, and may appoint a person to receive interest or dividends and sign valid receipts until transfer is completed.