Part 17A company’s share capital

Chapter 1Shares and share capital of a company

Shares

540Shares

1

In the Companies Acts “share”, in relation to a company, means share in the company’s share capital.

2

A company’s shares may no longer be converted into stock.

3

Stock created before the commencement of this Part may be reconverted into shares in accordance with section 620.

4

In the Companies Acts—

a

references to shares include stock except where a distinction between share and stock is express or implied, and

b

references to a number of shares include an amount of stock where the context admits of the reference to shares being read as including stock.