S.L. 161.1 Art. 11Provisions relating to joint stock- holders.

(1) Any application with respect to stock in the names of two or more persons as joint stockholders shall be made by all such persons.

(2) The joint stockholders of any stock may authorise any person, including one of themselves, to act as their agent in respect of such stock and the provisions of these regulations relating to the authorisation of agents shall apply accordingly.

(3) Where stock is registered in the names of three or more stockholders and an application in that behalf is made in respect of such stock in accordance with the provisions of this regulation, all things required to be done for the purpose of dealing with such stock may be done and given by a majority of the persons who are the registered stockholders at the date when the application is made.

(4) An application for the purpose of this regulation shall be made in writing to the Accountant General.

(5) A person who is registered as one of the stockholders of any stock with respect to which an application has been made under this regulation may give notice in writing to the Accountant General that the application is revoked, and on notice being so given the provisions of this regulation shall as from the receipt of the notice by the Accountant General cease to apply to such stock.