Section 54: Fractional shares
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
54. Fractional shares
A company may, where its constitution so provides, issue fractions of
shares which shall have corresponding fractional liabilities, limitations, preferences, privileges, qualifications, restrictions, rights and other attributes as
those which relate to the whole share of the same class or series of shares.
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Questions this section answers
- Can my company issue fractions of a share if its constitution allows it?