Examples of Securities Giro Act in a sentence
Such account is to be an account in the United Kingdom unless the share on which the payment is to be made is held by Euroclear Nederland and the Securities Giro Act applies to such share.
Ordinary shares may be delivered unless the Managing Board has stipulated otherwise in accordance with Section 26 of the Securities Giro Act.
The transfer and creation of a right of usufruct or lien in respect of a share in a collective securities deposit or in the dematerialised securities deposit within the meaning of the Securities Giro Act in relation to shares in the Company shall take place in the manner provided in the Act.
Where registered shares belong to a collective securities deposit or a dematerialised securities deposit within the meaning of the Securities Giro Act, the provisions of the preceding sentence shall apply to the relevant affiliated institution or the central securities depository respectively.
In addition, references in this document to Royal Dutch Bearer Shares or Royal Dutch Shell Shares shall, where the relevant shares are held by Euroclear Nederland in its capacity as central institute (centraal instituut) under the Securities Giro Act and the context so permits, include references to interests held in such shares by other persons in accordance with the Securities Giro Act.
Where registered shares belong to a collective securities deposit or a dematerialised securities deposit within the meaning of the Securities Giro Act, these may be put in the name of an affiliated institution or the central securities depository, with a note to the effect that the shares belong to the collective securities deposit of the relevant class held by the affiliated institution, or to the dematerialised securities deposit of that class.
The provisions of the preceding sentence shall not apply to shares which belong to a community of property as referred in the Transfer of Securities (Giro) Act [Wet giraal effectenverkeer].
Where more than one party is entitled to a share or the said share forms part of jointly owned property, other than a collective securities deposit or a dematerialised securities deposit within the meaning of the Securities Giro Act (Wet giraal effectenverkeer), the persons entitled may only be represented in relation to the Company by one person, appointed by them in writing for that purpose.
The persons jointly entitled to a joint ownership of Shares, not being a community of property as referred in the Transfer of Securities (Giro) Act (' Wet Giraal Effectenverkeer'), which contains those Shares or a restricted right to those Shares may only be represented vis-à-vis the Company by one (1) person jointly designated by them in writing for that purpose.The Board may, whether or not subject to certain conditions, grant an exemption from the first sentence of this article 6.2.Right of pledge.
An arrangement as referred to in article 36 section 5 of the Securities Giro Act (‘Wge’) could be included in the global certificate.