(1) A company must, within two months after the date on which a transfer of any of its shares, debentures or debenture stock is lodged with the company, complete and have ready for delivery—
(a) the certificates of the shares transferred,
(b) the debentures transferred, or
(c) the certificates of the debenture stock transferred.
(2) For this purpose a “transfer” means—
(a) a transfer duly stamped and otherwise valid, or
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