Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Shares definition

What does Shares mean? In company law practice, a share is a unit of a member’s interest in a company, carrying the rights and obligations attached to its class (for example, voting, dividends and return of capital on a winding up). The Companies Act 2006 simply states that a share is a share in a company’s share capital; the Irish Companies Act 2014 adopts a broadly equivalent approach. Usage and effect are consistent across England & Wales, Scotland, Northern Ireland and Ireland. A company’s share capital comprises the number of shares it allots and issues to investors on or after incorporation. Those...

Acquiring a company from trustees: verifying authority, warranties/indemnities, enforcement against trust assets, and limiting trustees' liability

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Practice notes

Trusts and trustees

A trust can be created for many purposes and to pursue different aims. What virtually all trusts share, however, is the presence of a trustee, or a number of trustees (the trustee). The trustee’s principal role is to hold and administer the trust’s property. The scope of the trustee’s authority and duties is ordinarily described in a formal trust instrument, for example a trust deed (the trust deed). Read together with the general law, the trust deed will specify, among other matters:

the trustee’s powers and obligations, and
any restrictions on the trustee’s powers and obligations

A trust that owns Shares in a Private company is most often structured as either a discretionary trust—through which different members of the immediate or wider family may receive benefits—or an employee trust in practice within private company arrangements, family settings, and workplace contexts today...

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Web page updated on 21/05/2026

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