Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 74

Nature of shares

74.
(1) The shares or other interest of any member in a company shall be movable property, transferable in the manner provided by the articles of the company, and shall not be of the nature of immovable property.
(2) Each share in a company having a share capital shall be distinguished by its appropriate number.

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