Public Companies Act 1767 Explained

Short Title:Public Companies Act 1767
Type:Act
Parliament:Parliament of Great Britain
Long Title:An Act for regulating the Proceedings of certain publick Companies and Corporations, carrying on Trade or Dealings with Joint Stocks, in respect to the declaring of Dividends; and for further regulating the Qualification of Members for voting in their respective General Courts.
Year:1767
Citation:7 Geo. 3. c. 48
Royal Assent:29 June 1767

The Public Companies Act 1767[1] (7 Geo. 3. c. 48) was an Act of the Parliament of Great Britain that prohibited shareholders voting in public companies, unless they had held shares for six months. It was intended to stop vote splitting, so as to retain greater equality among members of companies.

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Notes and References

  1. The citation of this Act by this short title was authorised by the Short Titles Act 1896, section 1 and the first schedule. Due to the repeal of those provisions it is now authorised by section 19(2) of the Interpretation Act 1978.