Colombian Commercial Code - Decree 410 of 1971 - Book III - Of Commercial Property - Title III - Securities - Chapter II - Securities Nominee - From: Section 648 By: Art 650
COLOMBIAN COMMERCIAL CODE CHAPTER II Payroll Titles objectives Article 648 .- The title-value when it is nominative or the rule governing its creation requires the registration holder in the register held by the creator of the title. It will only be recognized as legitimate holder who appears at the same time, the text of the document and record it. The transfer of a registered securities by endorsement entitle the purchaser to obtain registration under this article. Article 649 .- The creator of the title may require that the signature authenticates the transmitter. Article 650 .- Unless good cause, the creator of the title can not deny the entry in his registration document transmission. The person who has been transferred to a registered securities may appeal the judge to make the annotation transfer in the respective registry, if the title creator refuses to do it.