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Greenland Trade Act 1692
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XIX.Dividends to be in Money.
Shares may be assigned by Entry in a Book kept for that Purpose, and may be devised.; Book open to inspection.; Transfers made otherwise, void.
And be it further enacted by the Authority aforesaid That all Dividends hereafter to be made of the Profits ariseing by the said Trade shall be made in money and not otherwise. And be it further enacted That it shall and may be lawfull to and for all and every Person and Persons who shall have any Share or Interest in the said joynt Stock to sell assigne and transfer such his or their Share or Interest or any part thereof by and in the Books of the said Company to be for that purpose provided to any Person or Persons being natural born Subjects of this Realme or Persons naturalized or endenized And that all and every such Sale and Assignment when so as aforesaid made and entred and not otherwise shall be good and effectual in the Law against all and every such Person and Persons his and their Executors and Administrators who shall so as aforesaid assigne and transfer any such Share and Interest in the said joynt Stock And [X1that] the said Book or Books for the assigneing and transferring the said joynt Stock shall lie open from time to time for the view of all Persons concerned And all Alienations Transfers or Assignments made after any other manner shall be void excepting for such Stock onely which shall happen to be devised to any Person by Will or shall come to him by being Executor or Administrator to any Person deceased.
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X1interlined on the Roll.
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