(1) If registration of stock is pending, the registrar may mark a transfer of that stock with words to the effect that the stock is held against the transfer for the period specified in the marking.
(2) If a transfer is marked under subregulation (1), the registrar may refuse to give effect to any dealing in the stock during the period specified in the marking except in accordance with the marked transfer.
Division 3—Payment of interest and repayment of principal