28. Transfer of stock from one Registry to another with change of ownership
(1) The owner of stock may, by a Transfer executed by both parties and lodged at the Registry at which the stock is inscribed, transfer stock to the name of another person in the Stock Ledger at another Registry.
(2) A transfer of stock under this regulation shall be effected ¾
(a) by cancelling the inscription of the stock in the name of the transferor in the Stock Ledger at the Registry first-mentioned in subregulation (1); and
(b) by inscribing the stock in the name of the transferee in the Stock Ledger at the other Registry referred to in subregulation (1).
Transfer of stock from one Registry to another without change of ownership