Commonwealth Inscribed Stock Regulations
11Inscription of stock in the name of an infant solely
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11 Inscription of stock in the name of an infant solely
(1) Stock may be inscribed in the name of an infant solely, and an infant may transfer stock, but if the infant has not attained the age of fourteen years, the stock shall not be transferred, and bearer securities shall not be issued in exchange therefor without the consent of the infant’s parent or guardian.
(2) Bearer securities issued in exchange for stock inscribed in the name of such an infant may be delivered by the Registrar to the infant’s parent or guardian whose receipt shall be a valid discharge.