Commonwealth Consolidated Acts

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Matters to be specified in share certificate

             (1)  A company must ensure that a certificate it issues specifying the shares held by a member of the company states:

                     (a)  the name of the company and the fact that it is registered under this Act; and

                     (b)  the class of the shares; and

                     (c)  the amount (if any) unpaid on the shares.

Note:          Failure to comply with this subsection is an offence (see subsection 1311(1)).

             (2)  A certificate issued in accordance with subsection (1) specifying shares held by a member of a company is prima facie evidence of the title of the member to the shares.

             (3)  A failure to comply with subsection (1) does not affect the rights of a holder of shares.

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