Commentary Part 21: Certification and Transfer of Securities Chapter 2: Evidencing and Transfer of Title to Securities Without Written Instrument
1099.This Chapter replaces the existing power under section 207 of the 1989 Act relating to transfer of securities without a written instrument but goes beyond it in that it can be used to require, as well as to permit, the paper-free holding and transfer of shares or other securities. The provisions that make changes to the power are in sections 784, 786, 787 and 789.