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The Company Share

Legal Regulation and Public Policy

David Milman

In this accessible and insightful book David Milman examines the phenomenon of the company share in an holistic way, tracing the origins of the share and describing the diversity present within the family of shares. Using a comparative approach, key chapters consider the circumstances under which shares are acquired, the property law perspective relevant to shares and the rights and obligations of those who hold shares. The book concludes with some speculation on how the share might evolve in the future in the light of technological change and the development of other capital raising investments.
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Appendix V: Timeline for the development of shares in UK law

David Milman

Extract





1600    East India Company set up

1720    South Sea Bubble and the Bubble Act

1776    First building society founded

1801   London Stock Exchange established (successor to the Royal Exchange)

1825    Repeal of the Bubble Act

1843    Restrictive Foss v Harbottle rule handed down

1844    Arrival of simple registration procedure for incorporation

1846/1849  Railway shares crash

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