# Companies Act 2006, Section 577: Provisions about pre-emption not applicable to shares taken on formation


The provisions of this Chapter have no application in relation to the taking of shares by the subscribers to the memorandum on the formation of the company.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/577 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-577
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.