74Except for the purpose of exhibiting the rights of parties to any transfer of shares towards each other and of rendering any transferee jointly and severally liable with the transferor to the company and its creditors, no transfer of shares unless made by sale under the Enforcement of Money Judgments Act or under order or judgment of a court of competent jurisdiction, is valid for any purpose whatever until entry of such transfer is duly made in the register of transfers; but as to the stock of any company listed and dealt with on any recognized stock exchange by means of stock certificates, commonly in use endorsed in blank, and transferable by delivery, such endorsation and delivery, except for the purpose of voting at meetings of the company, constitutes a valid transfer.
74Except for the purpose of exhibiting the rights of parties to any transfer of shares towards each other and of rendering any transferee jointly and severally liable with the transferor to the company and its creditors, no transfer of shares unless made by sale under execution or under order or judgment of a court of competent jurisdiction, is valid for any purpose whatever until entry of such transfer is duly made in the register of transfers; but as to the stock of any company listed and dealt with on any recognized stock exchange by means of stock certificates, commonly in use endorsed in blank, and transferable by delivery, such endorsation and delivery, except for the purpose of voting at meetings of the company, constitutes a valid transfer.
74Except for the purpose of exhibiting the rights of parties to any transfer of shares towards each other and of rendering any transferee jointly and severally liable with the transferor to the company and its creditors, no transfer of shares unless made by sale under execution or under order or judgment of a court of competent jurisdiction, is valid for any purpose whatever until entry of such transfer is duly made in the register of transfers; but as to the stock of any company listed and dealt with on any recognized stock exchange by means of stock certificates, commonly in use endorsed in blank, and transferable by delivery, such endorsation and delivery, except for the purpose of voting at meetings of the company, constitutes a valid transfer.