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East India Company Act 1697
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LX.His Majesty, by Commission or Charters, &c. to direct in what Manner the Shares in the yearly Fund, and in the Stock in Trade, shall be assigned or transferred.
And be it further enacted That it shall and may be lawfull to and for His Majesty by any such Commission Charters or Letters Patents as aforesaid under the Great Seal of England to limit direct and appoint how and in what Manner and Proportions and under what Rules and Directions the Shares of all and every Person and Persons whatsoever in the said Yearly Fund and of and in the Stock of the said Generall Society or of any Company to be settled or authorized to trade in pursuance of this Act and every or any Part or Proportion thereof shall or may be assignable or transferrable to be assigned or transferred to such Person or Persons only as shall freely and voluntarily accept of the same and not otherwise and that all Assignments and Transferrences made in such manner shall be good and available in the Law.
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