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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 61

Power to consolidate shares into stock.

61. It shall be lawful for the company from time to time, with the consent of
three fifths of the votes of the shareholders present in person or by proxy at
any general meeting of the company, when due notice for that purpose shall
have been given, to convert or consolidate all or any part of the shares then
existing in the capital of the company, and in respect whereof the whole money
subscribed shall have been paid up, into a general capital stock, to be
divided amongst the shareholders according to their respective interests
therein.


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© 1845 Crown Copyright

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