Abstract
A share does not confer on its owner a right to the physical possession of anything. It confers a number of rights against the company (for example, the limited right to enforce the articles — see Chapter 5). The face value of the share is also a measure of the shareholder’s interest in the company. In the event of the distribution of the company’s assets the amount that will come to any particular shareholder will be proportionate to the face value of the shares owned by him.
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Bibliography and Further Reading
Gore-Brown on Companies, ch. 14.
Gower, Modern Company Law, 4th edn, Stevens, 1979, pp. 562–3.
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© 1998 Janet Dine
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Dine, J. (1998). Shares. In: Company Law. Macmillan Law Masters. Palgrave, London. https://doi.org/10.1007/978-1-349-14583-6_14
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DOI: https://doi.org/10.1007/978-1-349-14583-6_14
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