Companies Act 1989 (c. 40)

SCHEDULES

SCHEDULE 17 U.K. Company Contracts, Seals, &c.: Further Provisions

Share certificate as evidence of title U.K.

5 For section 186 of the Companies Act 1985 (certificate to be evidence of title) substitute—

“186 Certificate to be evidence of title.

“186 (1) A certificate under the common seal of the company (or, in the case of a company registered in Scotland, subscribed in accordance with section 36B) specifying any shares held by a member is—

(a) in England and Wales, prima facie evidence, and

(b) in Scotland, sufficient evidence unless the contrary is shown,

of his title to the shares.”.