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LML4806 - Study unit 5 2023 with 100% correct questions and answers
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5

May 2023

2022/2023

A+
The legal definition of a share Under the companies Act 71 of 2008, a share is defined as 'one of the units into which the proprietary interest in a profit company is divided". A share is a unit of the contribution made to the share capital. It is thus property and can be traded granting it incorporeal, moveable property. A share is also seen as a measure of a shareholders interest in a company, the interest consists of certain personal rights of the shareholder, which may be disposed of or t...
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