501. Shares and the nature of shares

Past version: effective from 14/06/2015 - 13/06/2015
To view other versions open the versions tab on the right

(1) In these Regulations "share", in relation to a company, means a share in the company's share capital.
(2) The shares or other interest of a member in a company are personal property and are not in the nature of real estate.
(3) Shares in a limited company have no nominal value.