State Act
Section 199
Art. 199 – The inscription of share-holders, as prescribed in paragraph 1 of article 22, shall be done in the respective comunidade, by fulfilling the following: 1. The person asking for inscription shall submit to the clerk of the comunidade a certificate, issued by the secretary of the administration office, countersigned by the administrator, that one or more shares of the same comunidade are endorsed in his favour as his property, or else submit the actual share certificate itself with a note signed by the administrator. 2. The clerk of the comunidade shall examine if the shares transferred are included in the inscription book in the name of the transferor’s name, and only then, after cancelling this inscription in the transferor, in all or some of the shares, as the transfer was made in full or in part, shall inscribe the name of the applicant as possessor of the shares according to the certificate or title presented. 3. If in the book of inscription of the shares, the name of the transferor is not found recorded, the request for registration shall be refused, and a note of refusal shall be given to the applicant, and based on it, he can file an appeal to the administrator.