Yn ddilys o 01/10/2009
620Reconversion of stock into sharesU.K.
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(1)A limited company that has converted paid-up shares into stock (before the repeal by this Act of the power to do so) may reconvert that stock into paid-up shares of any nominal value.
(2)A company may exercise the power conferred by this section only if its members have passed an ordinary resolution authorising it to do so.
(3)A resolution under subsection (2) may authorise a company to exercise the power conferred by this section—
(a)on more than one occasion;
(b)at a specified time or in specified circumstances.