Section 21

A share transfer instrument or order may permit or require the execution, issue or delivery of an instrument. A share transfer instrument or order may provide for a transfer to have effect irrespective of— whether an instrument has been produced, delivered, transferred or otherwise dealt with; registration. A share transfer instrument or order may provide for the effect of an instrument executed, issued or delivered in accordance with the instrument or order. A share transfer instrument or order may modify or annul the effect of an instrument. A share transfer instrument or order may— entitle a transferee to be registered in respect of transferred securities; require a person to effect registration.

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Source: legislation.gov.uk · retrieved 2026-09-04