. Stock exchange investments in theory and practice; with chapters on the constitution and operations of the Bank of England and the national and local debts of the United Kingdom. s solemnceremony always takes place, but I certainly know somegentlemen who always conscientiously carry it out. Sometimes the transferor or transferee consists of two ormore persons; that is, the shares are held in a joint account,as in the case of trustees. The several persons must eachsign the deed, and that is the reason why there are more thantwo seals on the form. Of course it may happen that eventhen there ar
. Stock exchange investments in theory and practice; with chapters on the constitution and operations of the Bank of England and the national and local debts of the United Kingdom. s solemnceremony always takes place, but I certainly know somegentlemen who always conscientiously carry it out. Sometimes the transferor or transferee consists of two ormore persons; that is, the shares are held in a joint account,as in the case of trustees. The several persons must eachsign the deed, and that is the reason why there are more thantwo seals on the form. Of course it may happen that eventhen there are not sufficient seals, and in that case more mustbe added or a fresh form with an increased numberobtained. The usual practice is for the broker, whennecessary, to prepare spaces for the extra signatures on theback of the form. You will perhaps be wondering what will happen in thecase of a large purchase by an Insurance Company whendelivery is by means of a deed of Transfer such as that justdescribed. The only difference is that the Corporation or Companyaffixes its Seal, the use of which is, so to speak, theofficial signature. This is usually impressed on the transfer o H. U7 deed with the authority and in the presence of either one ortwo Directors, who sign the document, which is then signed bythe Secretary of the Company. Although this is generallydone, however, the mere affixing of the seal of a corporationis all that is really necessary to make the transfer effectiveand no witness (as in the case of a private person executinga transfer) is required to the act. A forged transfer confers no rights on the allegedtransferee, nor does the fact of a company issuing to him acertificate which acknowledges him as a shareholder do subsequent purchaser, however, who relies upon thiscertificate and not on the forged transfer, is entitled todamages for any loss he may suffer in consequence. Let metry to explain this a little more fully. Suppose A and B aretrustees holding £1,000
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