‘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.
Citations:
[1948] 1 KB 116
Jurisdiction:
England and Wales
Cited by:
Cited – Her 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.
Company
Updated: 11 June 2022; Ref: scu.186958