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18 Mar 2010, 11:47 pm by shirley
In Borland’s Trustee v Steel Brothers and Company Ltd (1901) 1 Ch 279 the court described a share is “an interest of a shareholder in the company measured by a sum of money, for the purpose of liability in the first place, and of interest in the second, but also consisting of a series of mutual covenants entered into by all the shareholders inter se. [read post]