Transfer of Stock Act 1800

JurisdictionUK Non-devolved
Citation1800 c. 36
Year1800
Anno Regni GEORGII III. tricesimo nono & quadragesimo. An Act to enable Courts of Equity to compel a Transfer of Stock in Suits, without making the Governor and Company of the Bank ofEngland , or the United Company of Merchants of England trading to the East Indies , or the Governor and Company of Merchants of Great Britain trading to the South Seas or other Parts of America , Party, thereto.

(39 & 40 Geo. 3) C A P. XXXVI.

[1st May 1800]

'WHEREAS great Expence arises in Suits in Courts of Equity, from the Practice of making the Governor and Company of the Bank ofEngland Parties thereto, for the mere Purpose of compelling or authorizing the said Corporation to suffer any Transfer of Stock standing in their Books to be made which Justice may require:' Be it enacted by the King'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 Authorityof the same, That it shall be lawful for any of his Majesty's Courts of Equity, before or upon hearing any Cause depending therein, to order the Governor and Company of the Bank ofEngland to suffer a Transfer of Stock standing in their Books to be made, or to pay any accrued or accruing Dividends thereon, belonging to or standing in the Names of any Party to a Suit, as such Courts may deem just; or to issue an Injunction to restrain them from suffering any Transfer of such Stock, or from paying any Dividends or Interest accruing or accrued thereon, although such Governor and Company are not Parties to the Suit in which such Decree or Order shall be made; such Courts being satisfied by the Certificate of the Accountant of the said Corporation, duly signed by him as hereinafter is directed, that the Stock required to be transferred is standing in their Books in the Name of the Persons or Person required to transfer the same, or of the Persons or Person to whom they or he are or is the legal Representative; and that after due Service of a short Order upon the said Governor and Company, or their proper Officer, which shall contain no Recital of their Pleadings, or other Matter than the Title of the Cause, and the ordering Part of such Decree or Order which respects the said Governor and Company, and for which the Sum of eighteen Shillings, and no more, shall be paid, like Process shall issue to enforce such Order or Decree as to enforce them against any Party to a Suit depending in such Court.

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