Common use of SHARE CAPITAL AND SHARES Clause in Contracts

SHARE CAPITAL AND SHARES. Every Member shall be entitled to a certificate under the seal of the Company signed by the President or any Director and also by the Secretary, specifying the share held by him and whether the same is fully paid up and, if not, how much has been paid thereon. If any such certificate shall be proved to the satisfaction of the Board of Directors to have been worn out, lost, mislaid or destroyed the Board of Directors may cause a new certificate to be issued.

Appears in 10 contracts

Samples: Shareholders Agreement, Shareholders Agreement, Shareholders Agreement

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