| Commentary

179 Forged transfers

| Commentary

179 Forged transfers

In order to prevent the registration of forged transfers, some companies give notice to a member when a transfer from him has been presented for registration. However, notification to the transferor is not a legal requirement, and many companies do not give such notice.

Companies can, in some cases, pay compensation under the Forged Transfers Acts 1891 and 1892. However, these Acts do not give any right to the transferor to receive compensation; they merely give the company power to pay1, and many companies cover the situation by way of insurance.

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