Victorian Numbered Regulations

BORROWING AND INVESTMENT POWERS (STOCK, BONDS AND DEBENTURES) REGULATIONS 2017 (SR NO 95 OF 2017) - REG 23

    (1)     The registrar must register a transmission of stock under regulation 22 by taking the following actions—

        (a)     entering a record of the transmission in the stock register;

        (b)     registering or inscribing the name of the person to whom the stock has been transmitted in the stock register as the owner of the stock.

    (2)     After registering a transmission of stock, the registrar must—

        (a)     in the case of inscribed stock, issue a certificate of inscription to the new owner; or

        (b)     in the case of registered debenture stock—

              (i)     cancel the original certificate of registration; and

              (ii)     issue a certificate of registration to the new owner.