Joint holders of shares or debenturesU.K.
16(1)This paragraph applies in relation to documents or information to be sent or supplied to joint holders of shares or debentures of a company.U.K.
(2)Anything to be agreed or specified by the holder must be agreed or specified by all the joint holders.
(3)Anything authorised or required to be sent or supplied to the holder may be sent or supplied either—
(a)to each of the joint holders, or
(b)to the holder whose name appears first in the register of members or the relevant register of debenture holders.
[F1(3A)Where an election under section 128B is in force, the reference in sub-paragraph (3)(b) to the register of members is to be read as a reference to the register kept by the registrar under section 1080.]
(4)This paragraph has effect subject to anything in the company's articles.
Textual Amendments
F1Sch. 5 para. 16(3A) inserted (30.6.2016) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 5 para. 34(b); S.I. 2016/321, reg. 6(c)
Commencement Information
I1Sch. 5 para. 16 wholly in force at 20.1.2007, see s. 1300 and S.I. 2006/3428, art. 3(1)(e) (subject to art. 5, Sch. 1) (with arts. 6, 8, Sch. 5)