# Companies Act 1948, Section 73: Nature of shares.


The shares or other interest of any member in a company shall be personal estate, transferable in manner provided by the articles of the company, and shall not be of the nature of real estate.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/section/73 (the official version)
Page: https://openlegislation.uk/companies-act-1948/section-73
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.