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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 64

Proprietors of stock entitled to dividends, and to the same privileges as owners of corresponding amounts of shares.

64. The several holders of such stock shall be entitled to participate in the
dividends and profits of the company, according to the amount of their
respective interests in such stock; and such interests shall, in proportion to
the amount thereof, confer on the holders thereof respectively the same
privileges and advantages, for the purpose of voting at meetings of
the company, qualification for the office of directors, and for other
purposes, as would have been conferred by shares of equal amount in the
capital of the company, but so that none of such privileges or advantages,
except the participation in the dividends and profits of the company, shall be
conferred by any aliquot part of such amount of consolidated stock as would
not, if existing in shares, have conferred such privileges or advantages
respectively.

© 1845 Crown Copyright

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