Colonial Stock Act 1948 (repealed 19.11.1998)
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Change 1
1 Stock may be made transferable by instrument in writing.
(1) Regulations made under section sixteen of the Colonial Stock Act 1877 may, notwithstanding anything in that Act or in the Colonial Stock Act 1892, provide that the stock to which the regulations relate shall be transferable by instrument in writing in accordance with the regulations or by an exempt transfer, within the meaning of the Stock Transfer Act 1982, but in no other manner: Provided that regulations shall not be made for the purpose specified in this subsection with respect to any stock unless authority for the making of regulations for that purpose has been given by a law of the legislature or other authority having power to make laws for the Dominion, colony or territory of whose public debt the stock forms part. (2) This section applies as well to stock issued before, as to stock issued after, the passing of this Act, or the Stock Transfer Act 1982 and, accordingly, in relation to stock issued before the passing of this Act, or the Stock Transfer Act 1982 so much of the said section sixteen as requires regulations thereunder to be made before the issue of the stock shall not apply to regulations made for the purpose specified in subsection (1) of this section and the regulations, when made, shall have effect notwithstanding anything in any previous regulations applicable to the stock and notwithstanding anything in the terms on which the stock was issued.
1 Stock may be made transferable by instrument in writing.
(1) Regulations made under section sixteen of the Colonial Stock Act 1877 may, notwithstanding anything in that Act or in the Colonial Stock Act 1892, provide that the stock to which the regulations relate shall be transferable by instrument in writing in accordance with the regulations or by an exempt transfer, within the meaning of the Stock Transfer Act 1982, but in no other manner: Provided that regulations shall not be made for the purpose specified in this subsection with respect to any stock unless authority for the making of regulations for that purpose has been given by a law of the legislature or other authority having power to make laws for the Dominion, colony or territory of whose public debt the stock forms part. (2) This section applies as well to stock issued before, as to stock issued after, the passing of this Act, or the Stock Transfer Act 1982 and, accordingly, in relation to stock issued before the passing of this Act, or the Stock Transfer Act 1982 so much of the said section sixteen as requires regulations thereunder to be made before the issue of the stock shall not apply to regulations made for the purpose specified in subsection (1) of this section and the regulations, when made, shall have effect notwithstanding anything in any previous regulations applicable to the stock and notwithstanding anything in the terms on which the stock was issued.
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