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Home/Legislation/Rail Company Act 2009/9

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Rail Company Act 2009

9Shares

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### 9 Shares > > (1) Shares in the Company issued to its members are held by the members in trust for the Crown. > > > (2) A member of the Company who holds shares in trust for the Crown is not to acquire shares in the Company for his or her own benefit. > > > (3) Any shares acquired in the Company in contravention of [subsection (2)](#GS9@Gs2@EN) are taken to be held in trust for the Crown but the Crown is not liable to meet the cost of that acquisition.

Previous section8Members of Company Next section10Consideration for further shares

Section 9 - Rail Company Act 2009 - Shares — Zoe