National Debt (Stockholders Relief) Act 1892
| Jurisdiction | UK Non-devolved |
| Citation | 1892 c. 39 |
National Debt (Stockholders Relief) Act, 1892
(55 & 56 Vict.) CHAPTER 39.
An Act to amend the National Debt Act, 1870.
[27th June 1892]
Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:
1 Notice to stockholder of impending transfer of unclaimed stock.
1. The Bank shall during the six months next before any transfer of stock to the National Debt Commissioners in pursuance of section fifty-one of the National Debt Act, 1870, give notice in writing to the stockholder at his registered residence of the impending transfer.
2 Date for striking balance.
2. The Bank may strike the balance for a dividend on stock on any day not being more than thirty-seven days before the day on which the dividend is payable, and any person who is on the day of the balance being struck inscribed as a stockholder shall, as between himself and any transferee of the stock, be entitled to the then current half-year's or quarter's dividend thereon.
3 Infants.
3. In the following cases, namely,—
the Bank may, at the request in writing of the parent, guardian, or next friend of the infant, receive the dividends and apply them to the purchase of like stock, and the stock so purchased shall be added to the original investment.
4 Powers of stockholders under statutory provisions.
(1)4.—(1.) Where, by virtue of any provision in an Act of Parliament, the right to stock is vested in any person, he shall by virtue of the same provision be deemed to be entitled to make a valid transfer of the stock and to receive and give a valid receipt for any accrued or accruing dividends on the stock.
(2) (2.) Where by virtue of any such provision the right to transfer stock is vested in any person, he shall by virtue of the same provision be deemed to be entitled to receive, and give a valid receipt for, any accrued or accruing dividends on the stock.
5 Power to hold stock on different accounts.
5. The Bank may in any register of stock allow any holder or joint holders to have more than one account. Provided as follows:—
(1) (1.) Each...
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