Section 540: Shares

Companies Act 2006 · 2006 c. 46View on legislation.gov.uk

Part 17: A company's share capital — Chapter 1: Shares and share capital of a company

In the Companies Acts"share", in relation to a company, means share in the company's share capital.

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

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

In the Companies Acts—

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

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.