# Companies Act 2006, Section 540: Shares


(1) In the Companies Acts “share”, in relation to a company, means share in the company's share capital.
(2) A company's shares may no longer be converted into stock.
(3) Stock created before the commencement of this Part may be reconverted into shares in accordance with section 620.
(4) In the Companies Acts—
(a) references to shares include stock except where a distinction between share and stock is express or implied, and
(b) references to a number of shares include an amount of stock where the context admits of the reference to shares being read as including stock.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/540 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-540
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.