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CORPORATIONS ACT 2001

CHAPTER 2H - SHARES  

PART 2H.1 - ISSUING AND CONVERTING SHARES  

SECTION 254F  

254F  BEARER SHARES AND STOCK MUST NOT BE ISSUED  

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A company does not have the power to:


(a) issue bearer shares; or


(b) issue stock or convert shares into stock.

Note: The Part 10.1 transitionals contain provisions for the conversion of existing stock into shares.


 



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