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Port Companies Act 1997
10Shares
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10 Shares
(1) The consideration for shares issued to the members of a company is to be –
(a) any money provided by Parliament for that purpose; or
(b) any interest in land transferred to the company under section 23 ; or
(c) any assets or rights vested in the company under clause 8 of Schedule 1 ; or
(d) any combination of the considerations specified in paragraphs (a) , (b) and (c) .
(2) Shares issued to the members of a company are held by the members in trust for the Crown.