Corporations Act 2001
CHAPTER 2H
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SHARES
PART 2H.1
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ISSUING AND CONVERTING SHARES
SECTION 254F
254F
BEARER SHARES AND STOCK MUST NOT BE ISSUED
A company does not have the power to:
(a) issue bearer shares; or
(b) issue stock or convert shares into stock.
A company does not have the power to:
(a) issue bearer shares; or
(b) issue stock or convert shares into stock.
Note: The Part 10.1 transitionals contain provisions for the conversion of existing stock into shares.
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