29. Dealings effected by means of electronic process

Terms defined in s 2

• bearer security

  bearer security

  Defined · s 2

  ―bearer security‖ means a security the title to which is transferable by delivery (with or without endorsement) of the scrip representing such security;

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• dealing

  dealing

  Defined · s 2

  ―dealing‖, in relation to any deposited security, includes the charging or pledging of the deposited security by a depositor;

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• deposited security

  deposited security

  Defined · s 2

  ―deposited security‖ means a security standing to the credit of a securities account and includes a security in a securities account that is in suspense;

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• depositor

  depositor

  Defined · s 2

  ―depositor‖ means a holder of a securities account;

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• non-bearer security

  non-bearer security

  Defined · s 2

  ―non-bearer security‖ means a security other than a bearer security;

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• scrip

  scrip

  Defined · s 2

  ―scrip‖ means any document that is, or is a document of title to, a security;

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• security

  security

  Defined · s 2

  ―security‖ means debenture, note, stock and share in a public company or corporation, or bond of any government or of any body, corporate or unincorporate, and includes any right or option in respect thereof, any interest as defined in section 84 of the Companies Act 1965 and any interest in a unit trust scheme;

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