COMPANIES (SALE OF SHARES) ORDINANCE, 1891
Title
COMPANIES (SALE OF SHARES) ORDINANCE, 1891
Description
ORDINANCE No. 5 OF 1891.
Companies (Sale of Shares)
AN ORDINANCE to amend the Laws in respect of the Sale
of Shares in Companies registered under the Companies
Ordinance,1865,and the Companies Ordinance,1866,
and in other Joint Stock Companies.
[30th July,1891.]
WHEREAS it is expedient to make provision for the prevention
of contracts for the sale and purchase of shares and stock in
joint stock companies of which the sellers are not possessed or over
which they have no control:
BE it therefore enacted by the Governor of Hongkong,with the advice
and consent of the Legislative Council thereof,as follows:-
1.This Ordinance may be cited as the Companies (Sale of Shares)
Ordinance,1891.
2.-(1.)Every contract,agreement,and token of sale and purchase
which shall,from and after the 1st day of October ,1891,be made or
entered into for the sale or transfer,or purporting to be for the sale or
transfer,of any share or shares or for any stock or other interest in any
joint stock company constituted under or regulated by the provisions
of any Act of Parliament,local Ordinance,Royal Charter,or Letters
Patent,issuing shares or stock transferable by any deed or written
instrument,shall be null and void to all intents and purposes whatso-
ever,unless such contract,agreement,or taken shall set forth and
designate in writing such shares,stock,or interest by the respective numbers by which the same are distinguished at the marking of such
contract,agreement, or token on the register or books of such joint stock
company as aforesaid, or, where there is no such register of shares or
stock by distinguishing numbers, then unless such contract, agreement,
or token shall set forth the person or persons in whose name or names
such shares,stock,or interest shall, at the time of making such contract,
stand as the registered proprietor thereof in the books of such joint
company.
(2.)Every person, whether principal, broker,or agent,who wilfully
inserts in any such contract, agreement,or token any false entry of
such numbers, or any name or names other than that or those of the
person or persons in whose name or names such shares, stock, or interest
shall stand as aforesaid, shall, on conviction before a Magistrate,be
liable to a penalty not exceeding two hundred dollars or to imprison-
ment, with or without hard labour, for any term not exceeding six
months.
A.D. 1891. Ordinance No. 15 of 1891.
Short title.
Avoidance of contract for sale and purchase of shares unless numbers of shares are set forth in contract. 30 & 31 Vict.c. 29 s.1. See Ordinance No. 1 of 1865.
Companies (Sale of Shares)
AN ORDINANCE to amend the Laws in respect of the Sale
of Shares in Companies registered under the Companies
Ordinance,1865,and the Companies Ordinance,1866,
and in other Joint Stock Companies.
[30th July,1891.]
WHEREAS it is expedient to make provision for the prevention
of contracts for the sale and purchase of shares and stock in
joint stock companies of which the sellers are not possessed or over
which they have no control:
BE it therefore enacted by the Governor of Hongkong,with the advice
and consent of the Legislative Council thereof,as follows:-
1.This Ordinance may be cited as the Companies (Sale of Shares)
Ordinance,1891.
2.-(1.)Every contract,agreement,and token of sale and purchase
which shall,from and after the 1st day of October ,1891,be made or
entered into for the sale or transfer,or purporting to be for the sale or
transfer,of any share or shares or for any stock or other interest in any
joint stock company constituted under or regulated by the provisions
of any Act of Parliament,local Ordinance,Royal Charter,or Letters
Patent,issuing shares or stock transferable by any deed or written
instrument,shall be null and void to all intents and purposes whatso-
ever,unless such contract,agreement,or taken shall set forth and
designate in writing such shares,stock,or interest by the respective numbers by which the same are distinguished at the marking of such
contract,agreement, or token on the register or books of such joint stock
company as aforesaid, or, where there is no such register of shares or
stock by distinguishing numbers, then unless such contract, agreement,
or token shall set forth the person or persons in whose name or names
such shares,stock,or interest shall, at the time of making such contract,
stand as the registered proprietor thereof in the books of such joint
company.
(2.)Every person, whether principal, broker,or agent,who wilfully
inserts in any such contract, agreement,or token any false entry of
such numbers, or any name or names other than that or those of the
person or persons in whose name or names such shares, stock, or interest
shall stand as aforesaid, shall, on conviction before a Magistrate,be
liable to a penalty not exceeding two hundred dollars or to imprison-
ment, with or without hard labour, for any term not exceeding six
months.
A.D. 1891. Ordinance No. 15 of 1891.
Short title.
Avoidance of contract for sale and purchase of shares unless numbers of shares are set forth in contract. 30 & 31 Vict.c. 29 s.1. See Ordinance No. 1 of 1865.
Abstract
A.D. 1891. Ordinance No. 15 of 1891.
Short title.
Avoidance of contract for sale and purchase of shares unless numbers of shares are set forth in contract. 30 & 31 Vict.c. 29 s.1. See Ordinance No. 1 of 1865.
Short title.
Avoidance of contract for sale and purchase of shares unless numbers of shares are set forth in contract. 30 & 31 Vict.c. 29 s.1. See Ordinance No. 1 of 1865.
Identifier
https://oelawhk.lib.hku.hk/items/show/661
Edition
1901
Volume
v2
Cap / Ordinance No.
No. 5 of 1891
Number of Pages
2
Files
Collection
Historical Laws of Hong Kong Online
Citation
“COMPANIES (SALE OF SHARES) ORDINANCE, 1891,” Historical Laws of Hong Kong Online, accessed January 22, 2025, https://oelawhk.lib.hku.hk/items/show/661.
