Amendment status not verified — confirm the current text below against the official source.
Transfer of negotiable instruments and shares.-(1) Where the execy~·~ of a document, or the endorsement of the party in w~~;-~ name a negotiable instrume~~sliar~ i~ a Corporation is.standing, is required to transfer SU~~, ~,,ofiable instrument or share, the J~ep~1ty Comm1ss1~ner,. or such officer as he may -appolnt in thJ~,g~n~lf! mav execute such document or make 5/ucJ7·'endorsement as .. ~ay be necessar~ ~nd such exec~li.Q.q_kf~~ndoise'ment shall have the same effect as an ex'&ution or endors,e.ment by the pa~ty. ~~;·-.: '. ,., I dr·;~Ch ~XeCUtiOn Or endorsement may be in the follOWi( g form, namely:_- · r AB, by c D, Deputy Commissioner of the district of in a p(oceeding under the_Beng~~-P~bltc Demands Recovery ., Act, 1913 (Ben. Act Ill of 1913), against AB. (3) Until the transfer of such negotiable instrument or~ are, the Certificat~_Officer may, by order, appoint some person to receive any interest or dividend due thereon, and ~ro ~igr'I a receipt for th~ same; and any receipt so signed shall be as valid and effectual for all purposes a~ '\ the same had been signed by the party himself. 1 · I ' 61.Vesting order in case of other property.-ln the case ofanv movable property not hereinbefore provided for, the Certificate Officer may make an order vesting such ·property)n the purchaser or as he may direct; and such property shall vest accordingly. SALE OF IMMOVABLE PROPERTY·