This stance becomes even more necessary in the context

[mahbubamim077]

It cannot be denied that nominative ness is theoretically fair, but it also cannot be denied that, under current conditions, it is harmful.”

Precisely at the time of greatest need, the decree of nominative status was enough to make almost all foreign capital emigrate and, unfortunately, also a not insignificant part of Italian capital.” 31

19. In France, similarly, according to JM OTHON SIDOU, what happened bulk sms brazil in that country, financially organized in such a way that the discount rates are fixed without change for long periods, knowing that the government has the specific power to contract or expand the circulating currency – what happened was a completely damaging capital flight, thus revealing the preference with which the public receives bearer bonds”. 32

It is true that these two countries have recently returned to the tendency to abolish bearer shares, but either in a moderate way or by beginning the return to the ideal, consecrated and true system of maintaining bearer shares. Thus in Italy, the royal decree-law of October 25, 1941, at the height of fascist domination, therefore, established that “the activities of the company with a seat in the refinery must be nominative” and that the shares that, according to art. 2,355 of the Civil Code, were in bearer form, should be converted into nominative documents by June 30, 1942, states GIUSEPPE VALERI that.