421. Shareholder's bankruptcy.

421.     Shareholder's bankruptcy.

Where any part of the bankrupt's estate consists of stock or shares in a company, shares in a ship or any other property transferable in the books of a company, office or person, the trustee may exercise the right to transfer the property to the same extent as the bankrupt might have exercised it if he had not become bankrupt1. The trustee of a bankrupt shareholder may be refused the right to have a transfer of the bankrupt's shares registered which may preclude him from exercising the rights attached to the shareholding2.