Cap. 364 Art. 43Transfer of marketable securities and of interests in partnerships executed in Malta or abroad.

(1) Every transfer of marketable securities or inter vivos of an interest in a partnership executed in Malta shall, under pain of nullity, be made in writing.

(2) Where the transfer of any foreign marketable security or of an interest in a partnership is executed outside Malta upon an order given directly in Malta by any person, such person shall give a notice in writing to the Commissioner of such transfer in such manner and in such term as may be prescribed: Provided that a notice given as aforesaid may stipulate that it will apply also to other transfers of marketable securities and interests in partnerships executed outside Malta that may be made in the future by the same person, in which case that person will not be required to give notice of such further transfers: Provided further that notice shall not be given where duty is not chargeable under any of the provisions of this Act.