Powers of Attorney Act 1971
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
6 Additional protection for transferees under stock exchange transactions.
(1) Without prejudice to section 5 of this Act, where— (a) the donee of a power of attorney executes, as transferor, an instrument transferring registered securities; and (b) the instrument is executed for the purposes of a stock exchange transaction, it shall be conclusively presumed in favour of the transferee that the power had not been revoked at the date of the instrument if a statutory declaration to that effect is made by the donee of the power on or within three months after that date. (2) In this section “registered securities” and “stock exchange transaction” have the same meanings as in the Stock Transfer Act 1963.
6 Additional protection for transferees under stock exchange transactions.
(1) Without prejudice to section 5 of this Act, where— (a) the donee of a power of attorney executes, as transferor, an instrument transferring registered securities; and (b) the instrument is executed for the purposes of a stock exchange transaction, it shall be conclusively presumed in favour of the transferee that the power had not been revoked at the date of the instrument if a statutory declaration to that effect is made by the donee of the power on or within three months after that date. (2) In this section “registered securities” and “stock exchange transaction” have the same meanings as in the Stock Transfer Act 1963.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.