41. Shares in the company may be sold and disposed of by the shareholders by instrument in writing, made in duplicate, one part of which shall be delivered to the directors, to be filed and kept for the use of the company, and an entry thereof shall be made in a book to be kept for that purpose; but no interest or dividend on the shares transferred shall be paid to the purchaser until such duplicate is so delivered, filed and entered.
R. S. 1964, c. 290, s. 41.