STANDARD SHARES
Registration Of Transfers
( N.Z Press Association) AUCKLAND, May 9. The Standard Insurance Company, Ltd., Dunedin, will not register the transfer of shares sold after April 18. the day directors, acting as private shareholders, applied to the Supreme Court for a winding-up order. Company officials confirmed this today. Share transfers made before April 18 will be registered at the directors’ discretion. This means that only transfers to "approved” buyers will be registered. If directors think that a purchaser will be unable to honour a call of the uncalled capital on his shares, they are likely to refuse registration. Transfer forms for sales before April 18 must reach the company before the windingup order is given—probably May 24.
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Press, Volume C, Issue 29509, 10 May 1961, Page 16
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118STANDARD SHARES Press, Volume C, Issue 29509, 10 May 1961, Page 16
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