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Changes over time for: Section 540
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Timeline of Changes
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Status:
Point in time view as at 03/10/2022.
Changes to legislation:
Companies Act 2006, Section 540 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes to Legislation
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540SharesU.K.
This section has no associated Explanatory Notes
(1)In the Companies Acts“share”, in relation to a company, means share in the company's share capital.
(2)A company's shares may no longer be converted into stock.
(3)Stock created before the commencement of this Part may be reconverted into shares in accordance with section 620.
(4)In the Companies Acts—
(a)references to shares include stock except where a distinction between share and stock is express or implied, and
(b)references to a number of shares include an amount of stock where the context admits of the reference to shares being read as including stock.
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