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Companies Act 1985
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Changes over time for: Section 188
Version Superseded: 06/04/2008
Alternative versions:
- 01/02/1991- Amendment
- 01/08/1995- Amendment
- 12/01/2006
Point in time - 06/04/2008- Amendment
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[F1188 Issue and effect of share warrant to bearer.E+W+S
(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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