Short v Treasury Commissioners: CA 1948

‘shareholders are not, in the eye of the law, part owners of the undertaking’ A share is classified as a chose in action, a species of intangible personal property.


[1948] 1 KB 116


England and Wales

Cited by:

CitedHer Majesty’s Commissioners of Inland Revenue v Laird Group plc HL 16-Oct-2003
Was the payment of a dividend in respect of shares ‘a transaction in securities’ or ‘a transaction relating to securities’ within the meaning of section 703.
Held: ‘As a matter of ordinary language, the creation, issue, sale, purchase, . .
Lists of cited by and citing cases may be incomplete.


Updated: 11 June 2022; Ref: scu.186958