Question
Which ONE of the following statements is correct with regard to custody of securities in South Africa? The owner of an interest must have a
Which ONE of the following statements is correct with regard to custody of securities in South Africa?
The owner of an interest must have a sufficiently unencumbered balance to claim delivery of securities.
Transfer of an interest takes place by entry into the records of the company by the company secretary.
A depository institution may not disclose the holdings of owners in securities.
A pledge of interest takes place by written instrument coupled with delivery of the instrument
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
