# Companies Clauses Act 1863, Section 21: General power to dispose of unappropriated new shares and stock.


Subject to the foregoing provisions, the company may from time to time dispose of new shares and new stock at such times, to such persons, on such terms and conditions, and in such manner, as the directors think advantageous to the company, . . .

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Source: https://www.legislation.gov.uk/ukpga/Vict/26-27/118/section/21 (the official version)
Page: https://openlegislation.uk/companies-clauses-act-1863/section-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.