CORPORATIONS 811

a certificate shall convey to the transferee a good title to such certificate
and to the shares originally represented thereby.

An. Code, 1924, sec. 67. 1912, sec. 54. 1910, ch. 73, sec. 37Q (p, 70).

71. In any case not provided for by sections 55 to 77 of this article
the rules of law and equity, including the law merchant, and in particular
the rules relating to the law of principal and agent, executors, adminis-
trators and trustees, and to the effect of fraud, misrepresentation, duress
or coercion, mistake, bankruptcy or other invalidating cause, shall govern.

An. Code, 1924, sec. 68. 1912, sec. 55. 1910, ch. 73, sec. 37R (p. 70).

72. Sections 55 to 77 shall be so interpreted and construed as to effec-
tuate their general purpose to make uniform the law of those States which
enact them.

See notes to sec. 61.

An, Code, 1924, sec. 69. 1912, sec. 56. 1910, ch. 73, sec. 37S (p. 70).

73. A certificate is indorsed when an assignment or a power of attor-
ney to sell, assign or transfer the certificate or the shares represented
thereby is written on the certificate and signed by the person appearing by
the certificate to be the owner of the shares represented thereby, or when
the signature of such person is written without more upon the back of the
certificate. In any of such cases a certificate is indorsed, though it has not
been delivered.
See notes to sec. 61.

An. Code, 1924, sec. 70. 1912, sec. 57. 1910, ch. 73, sec. 37T (p. 71).

74. The person to whom a certificate was originally issued is the person
appearing by the certificate to be the owner thereof, and of the shares repre-
sented thereby, until and unless he indorses the certificate to another
specified person, and thereupon such other specified person is the person
appearing by the certificate to be the owner thereof until and unless he also
indorses the certificate to another specified person. Subsequent special en-
dorsement may be made with like effect.

An. Code, 1924, sec. 71. 1912, sec. 58. 1910, ch. 73, sec. 37U (p. 71).

75. (1) In sections 55 to 77, unless the context or subject matter other-
wise requires—

"Certificate" means a certificate of stock in a corporation organized
under the laws of this State, or of another State whose laws are consistent
with said sections.

"Delivery" means voluntary transfer of possession from one person to
another.

"Person" includes a corporation or partnership, or two or more persons
having a joint or common interest.

To "purchase" includes to take as mortgagee or pledgee.

"Purchaser" includes mortgagee and pledgee.

"Shares" means a share or shares of stock in a corporation organized
under the laws of this State, or of another State whose laws are consistent
with said sections.

"State" includes State, territory, district and insular possessions of the
United States.

"Transfer" means transfer of legal title.