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Session Laws, 1912
Volume 370, Page 139   View pdf image
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PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 139

remaining unpaid. Such issuance and delivery of a new certifi-
cate and the payment of said dividends by the corporation to the
said administrator shall relieve such corporation from any and
all liability whatsoever to any person claiming as the principal,
cestui que trust, assignee, owner or holder of such certificate
alleged to be lost or destroyed or the dividends payable in
respect thereto, under the following conditions:

(a) After such administrator of such holder of record as
agent or trustee of said certificate of stock has given the afore-
said ten days' notice in writing to said corporation, he shall
cause to be advertised in a newspaper published in the county or
city where he was granted his letters of administration, once a
week for four successive weeks, the fact that he gave to said
corporation the required ten days' notice in writing, and that a
certificate for a certain number of shares of the capital stock of
such corporation were more than thirty years ago issued to his
intestate as agent or trustee, and that it is unknown to him who
said principal or cestui que trust may be, and that no person
except the administrator of such agent or trustee made claim to
said certificate for more than thirty years, and that said certifi-
cate has been lost or destroyed, and also that the said stock rep-
resented by the said lost or destroyed certificate and all divi-
dends payable in respect thereto are claimed by said administra-
tor for the purpose of distributing and accounting for the same
to the person or persons entitled thereto, and that further, at
least two weeks after the last advertisement hereof, said admin-
istrator, unless said corporation issues and delivers unto him
such new certificate in the place of the one lost or destroyed
and pay over and deliver to him as such administrator all divi-
dends payable in respect thereto, will institute suit for the
same, and said notice shall warn any and all persons, except
said administrator, to produce to the said corporation on or
before the expiration of two weeks after the last advertisement
hereof as aforesaid, a statement in writing and under the oath
of such claimant or his administrator, of the origin, circum-
stances and grounds upon which his claim as principal or cestui
que trust to said stock and dividends is asserted as well as the
reasons for his delay in asserting title thereto.

(b) If, within said period of time for producing said state-
ment to said corporation, such statement required as aforesaid,
and satisfactory, under the provisions hereof to said corpora-
tions, be not forthcoming, the said corporation shall issue and
deliver to said administrator a new certificate of stock in the
place of that alleged to be lost or destroyed, and also deliver and
pay over to him all dividends payable in respect thereto.

 

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Session Laws, 1912
Volume 370, Page 139   View pdf image
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