Solicitors & Lawyers
Legal Dictionary
Term: shares
1.
A share is an interest in a company that is measured by a sum of money. The value of the share is relevant to ascertaining the extent of the shareholders' liability and the extent of their control in general meetings relative to other shareholders.
A shareholder's relationship with the company relies on the rights attaching to the particular shares held as set out in the articles of association of the company.
Usage: The share was allotted to the shareholder.
Related Words: ordinary shares; preference shares; redeemable shares; shareholders; articles of association; memorandum of association; company; limited company; public company.
Companies: Internal Governance – Types of Companies under the Companies Act UK
Business Structures – Setting Up in Business in the UK
Companies: Internal Governance – Directors’ Duties Under the Companies Act 2006
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