Commonwealth Consolidated Regulations

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COMMONWEALTH INSCRIBED STOCK REGULATIONS - REG 39

Payment of interest where person under disability is joint owner

Where stock is inscribed in the name of:

(a)
an infant; or

(b)
a person under legal disability by reason of the state of his or her mind;

jointly with other persons not under legal disability, interest on the stock may be paid as directed by the other persons not under legal disability, and without the concurrence of the infant or the person referred to in paragraph (b), upon sufficient proof of legal disability being lodged with the Registrar.


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