Article 25 - Issue of certificates
(1) Subject to Article 25(3), for each
Share allotted or transferred, a Share certificate shall be issued by the LLC no later than 30 days after the date the allotment is made or the date on which a transfer of the Shares is registered in the register of Members of the LLC. For an LLC (Public) a record in the QSE or the relevant exchange's registry system is as acceptable as if it were a Share certificate duly issued by the LLC (Public).
(2) A certificate executed by the
LLC specifying any Shares held by a Member, shall be evidence of the title of the Member to the Shares. For an LLC (Public) a record of title to any Shares in the LLC (Public) held in the QSE or the relevant exchange's registry or system will be evidence of good title to any Shares held by the Member.
(3) Article 25(1) and (2) do not apply when title to shares is evidenced in accordance with rules made by the
QFC Authority which allow for title to be evidenced in some other manner.
|Amended (as from 5th April 2015).|