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StatuteCompanies Act 1993

Section 89 — Companies Act 1993: Share register as evidence of legal title

Text of the provision Official document

89 Share register as evidence of legal title (1) Subject to section 91 of this Act, the entry of the name of a person in the share register as holder of a share is prima facie evidence that legal title to the share vests in that person. (2) A company may treat the registered holder of a share as the only person entitled to— (a) Exercise the right to vote attaching to the share; and (b) Receive notices; and (c) Receive a distribution in respect of the share; and (d) Exercise the other rights and powers attaching to the share.

Official source: legislation.govt.nz

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