Addendum to the Draft Decree on the Registration of Shares, Bonds and Other Interest-Bearing Securities

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This document was incorporated in the Decree on the Registration of Shares, Bonds and Other Interest-Bearing Securities, the draft of which was edited, supplemented and supplied with a heading by Lenin and endorsed after discussion by the CPC on April 18; it was published on April 20 in Izvestia No. 78 (see Decrees of the Soviet Government, Vol. II, Moscow, 1959, pp. 130-38).

The ban on the alienation of shares as set forth in the law of 29.XII.1917 shall remain in force pending the promulgation of a law introducing a permissive system for the alienation of shares. Only shareholders who have properly and timely registered their shares shall be entitled to receive compensation in the event of the enterprises being nationalised, the amount and conditions of such compensation to be determined by the law on nationalisation.

Similarly, only such shareholders shall be entitled to receive dividends when payment of same, suspended by the law of 29.XII.1917, will be permitted.