State Act

417

Section 417

Code of Comunidades of 1961

Act no. 2070 of 19611961In forceGoa (State Act)

Art. 417 – If the transmission has operated by virtue of judgement of a court of law that has become res judicata or by way of sale, by auction, by award or by remission, in the inventory proceedings, in execution proceedings or establishment of pledge, the registration shall be done on the strength of certificate of auction or certified copy of document recording the transmission, the number of the share certificates or the instrument of transmission, the name of the issuing comunidade or of the share holder to whom the share certificate belongs and that it is free from previous charges. Sole § When the judge in the execution proceedings is the administrator himself, the registration shall be done on the strength of the report of auction and the order which declare the shares is free of charge to the purchaser.