Common use of Recognition of Ownership Clause in Contracts

Recognition of Ownership. 8 (1) Except as required by law or as herein provided, no person shall be recognised by the Company as holding any share upon any trust. 8 (2) The Company shall not be bound by or be compelled in any way to recognise (even when having notice thereof) any equitable contingent, future or partial interest in any share or unit of a share or (except only as otherwise provided by these Articles or by law) any other right in respect of any share except an absolute right to the entirety thereof in the registered holder. 8 (3) Shares held by a trustee may, with the consent of the Directors, be marked in the Register in such a way as to identify them as being held subject to the relevant trust, but nothing in this paragraph derogates from paragraph (1) of this Article.

Recognition of Ownership. 8 (18(1) Except as required by law or as herein provided, no person shall be recognised by the Company as holding any share upon any trust. 8 (28(2) The Company shall not be bound by or be compelled in any way to recognise (even when having notice thereof) any equitable contingent, future or partial interest in any share or unit of a share or (except only as otherwise provided by these Articles or by law) any other right in respect of any share except an absolute right to the entirety thereof in the registered holder. 8 (38(3) Shares held by a trustee may, with the consent of the Directors, be marked in the Register in such a way as to identify them as being held subject to the relevant trust, but nothing in this paragraph derogates from paragraph (1) of this Article.