Plain language law

New Zealand law explained for everyone

Companies Act 1993

Shares and debentures

35: Legal nature of shares

You could also call this:

“What shares are and how you can own them”

A share in a company is a piece of personal property that you can own. It’s like having a small part of the company that belongs to you. Just like you can own other things, like toys or books, you can own shares in a company too.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM320142.

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Business > Industry rules
Business > Fair trading
Money and consumer rights > Banking and loans
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34: Court may alter constitution, or

“Court can change a company's constitution when normal methods are impractical”

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36: Rights and powers attaching to shares, or

“What you can do and get as a shareholder”

Part 6 Shares and debentures

35Legal nature of shares

  1. A share in a company is personal property.