Version Superseded: 06/04/2008
Point in time view as at 12/01/2006. This version of this provision has been superseded.
There are currently no known outstanding effects for the Companies Act 1985, Section 188.
(1)A company limited by shares may, if so authorised by its articles, issue with respect to any fully paid shares a warrant (“”) stating that the bearer of the warrant is entitled to the shares specified in it.
(2)A share warrant issued under the company’s common seal [F2(or, in the case of a company registered in Scotland, subscribed in accordance with the Requirements of Writing (Scotland) Act 1995)] . . . F3entitles the bearer to the shares specified in it; and the shares may be transferred by delivery of the warrant.
(3)A company which issues a share warrant may, if so authorised by its articles, provide (by coupons or otherwise) for the payment of the future dividends on the shares included in the warrant.]
Textual Amendments
F1S. 188 substituted by Companies Act 1989 (c. 40, SIF 27), ss. 130(7), 213(2), Sch. 17 para. 6
F2Words in s. 188(2) inserted (S.) (1.8.1995) by 1995 c. 7, ss. 14(1), 15(2), Sch. 4 para. 56 (with ss. 9(3)(5)(7), 13, 14(3))
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