Class rights | Practical Law

Class rights | Practical Law

Class rights

Class rights

Practical Law UK Glossary 7-107-5915 (Approx. 3 pages)

Glossary

Class rights

Rights attaching to a particular class of shares.
There is no statutory definition of either "class rights" or "class". However, the Companies Act 2006 (CA 2006) provides that shares are of one class if the rights attached to them are in all respects uniform (section 629(1), CA 2006).
For more information, see Practice note, Share capital: class rights.