Charge over shares
If someone is owed money by a company, they may charge over the company's shares to secure the debt. This means that if the company is unable to pay the debt, the person who charged over the shares can take ownership of the company.
Relevant Contract Types
💶 Charge over shares
A charge over shares is a security interest over a company's shares. It gives the chargee the right to take possession of, and sell, the shares if the company defaults on its obligations under the charge.
Relevant Contract Types
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