# Companies Clauses Consolidation Act 1845, Section 7: Shares to be personal estate.


All shares in the undertaking shall be personal estate, and transmissible as such, and shall not be of the nature of real estate.

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Source: https://www.legislation.gov.uk/ukpga/Vict/8-9/16/section/7 (the official version)
Page: https://openlegislation.uk/companies-clauses-consolidation-act-1845/section-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.