Part 6U.K.Supplementary provisions
Joint holders of shares or debenturesU.K.
16(1)This paragraph applies in relation to documents or information to be sent or supplied to joint holders of shares or debentures of a company.U.K.
(2)Anything to be agreed or specified by the holder must be agreed or specified by all the joint holders.
(3)Anything authorised or required to be sent or supplied to the holder may be sent or supplied either—
(a)to each of the joint holders, or
(b)to the holder whose name appears first in the register of members or the relevant register of debenture holders.
[F1[F2(3A)Where an election under section 128B is in force, the reference in sub-paragraph (3)(b) to the register of members is to be read as a reference to the register kept by the registrar under section 1080.]]
(4)This paragraph has effect subject to anything in the company's articles.
Textual Amendments
F1Sch. 5 para. 16(3A) omitted (26.10.2023 but only so far as it confers a power to make regulations or relates to the exercise of the power, otherwise prosp.) by virtue of Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b), Sch. 1 para. 25
F2Sch. 5 para. 16(3A) inserted (30.6.2016) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 5 para. 34(b); S.I. 2016/321, reg. 6(c)
Commencement Information
I1Sch. 5 para. 16 wholly in force at 20.1.2007, see s. 1300 and S.I. 2006/3428, art. 3(1)(e) (subject to art. 5, Sch. 1) (with arts. 6, 8, Sch. 5)
Death or bankruptcy of holder of sharesU.K.
17(1)This paragraph has effect in the case of the death or bankruptcy of a holder of a company's shares.U.K.
(2)Documents or information required or authorised to be sent or supplied to the member may be sent or supplied to the persons claiming to be entitled to the shares in consequence of the death or bankruptcy—
(a)by name, or
(b)by the title of representatives of the deceased, or trustee of the bankrupt, or by any like description,
at the address in the United Kingdom supplied for the purpose by those so claiming.
(3)Until such an address has been so supplied, a document or information may be sent or supplied in any manner in which it might have been sent or supplied if the death or bankruptcy had not occurred.
(4)This paragraph has effect subject to anything in the company's articles.
(5)References in this paragraph to the bankruptcy of a person include—
(a)the sequestration of the estate of a person;
(b)a person's estate being the subject of a protected trust deed (within the meaning of the Bankruptcy (Scotland) Act [F32016]).
In such a case the reference in sub-paragraph (2)(b) to the trustee of the bankrupt is to be read as the [F4trustee or interim trustee (under that Act)] on the sequestrated estate or, as the case may be, the trustee under the protected deed.
Textual Amendments
F3Word in Sch. 5 para. 17(5)(b) substituted (30.11.2016) by The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034), art. 1, Sch. 1 para. 29(7)(a)
F4Words in Sch. 5 para. 17(5) substituted (30.11.2016) by The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034), art. 1, Sch. 1 para. 29(7)(b)
Commencement Information
I2Sch. 5 para. 17 wholly in force at 20.1.2007, see s. 1300 and S.I. 2006/3428, art. 3(1)(e) (subject to art. 5, Sch. 1) (with arts. 6, 8, Sch. 5)