SECTION 744-1

Securities, whatever their form, must be recorded an account in the name of their owner. They are transmitted by transfer from one account to another. The transfer of ownership of securities result from the registration of the securities in the securities account of the purchaser. In the event of transfer of securities admitted to the operations of a central depository or delivered in a payment and delivery system approved by the competent authority of each State party, such registration is done on the date and under the conditions prescribed by the competent market authority. In other cases, such registration is made on the date fixe/ by the agreement between the parties and notified to the issuing company. Forms of securities