16 Transfer of Stock may be made under Power of Attorney.U.K.
All Sums of Stock which shall be sold under the Provisions herein-before contained may be transferred by any Person to be appointed for that Purpose by any Letter of Attorney under the Hands and Seals of some Three of the Persons authorized to sign Drafts as aforesaid, and the Governor and Company of the Bank of England shall and they are hereby authorized and required to permit all such Transfers to be so made, and shall be and they are hereby exonerated and precluded from seeing or inquiring whether the Bank Annuities sold were duly and properly sold for the Purposes and in pursuance of this Act [F1or the Duchy of Cornwall Management Act 1982], or otherwise as to the Propriety or Regularity of the Sale or Transfer thereof.
Textual Amendments
F1Words inserted by Duchy of Cornwall Management Act 1982 (c. 47, SIF 29:10), s. 10(2)(a)(iv)