(1) The rights of survivorship and other rights of joint shareholders given by the articles of association of a company shall be binding on a share registry.
(2) If the articles of association are silent as to the rights of joint shareholders the rights shall be those provided by the Companies Act or, if no provision is made by the Companies Act, by the common law.
(3) Subject to subregulation (5) any dealing with or instructions in respect of shares which are jointly held may be effected by all joint shareholders unless one or more of them is empowered by power of attorney, executed by each grantor in the presence of a notary public and duly stamped by the Inland Revenue Department, to issue instructions and to deal with the shares on behalf of the others.
(4) A notarised copy of any power of attorney made under subregulation (3) shall be delivered to the share registry and shall have no effect in relation to this regulation until it is so delivered.
(5) Where any one or more joint shareholders or joint holders of any other security is a minor, dealings may not be effected with the security except under and in accordance with an order of a court.