Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1071b:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1071B (pt 2/2)
Character Range: 4721082–4722690

of representation of the estate of the deceased holder has been applied for or made in the State or Territory in which the security is located and no application for such a grant will be made; and
 (c) the statement is made within 3 months immediately before the date on which the statement is delivered to the company;
the company must (subject to subsection (10)) register the transfer and pay to the representative any dividends or other money accrued in respect of the security up to the time when the instrument was executed.
 (10) Subsection (9) does not operate so as to require the company to do anything that it would not have been required to do if the personal representative were a local representative.
 (11) A transfer or payment made under subsection (9) and a receipt or acknowledgment of such a payment is, for all purposes, as valid and effectual as if the personal representative were a local representative.
 (12) For the purposes of this section, an application by a personal representative of a dead person for registration as the holder of a security in place of the dead person is taken to be an instrument of transfer effecting a transfer of the security to the personal representative.
 (13) The production to a company of a document that is, under the law of a State or Territory, sufficient evidence of probate of the will, or letters of administration of the estate, of a dead person having been granted to a person, is sufficient evidence of the grant (for the company's purposes). This is so despite:
 (a) anything in its constitution; or
 (b) in a deed relating to debentures.