share

The property or interest of a stockholder in an incorporated bank, commonly called a share, the shares in their aggregate totality being called sometimes the capital stock of the bank, is a different thing from the moneyed capital of the bank held and owned by the corporation. This capital may consist of cash, or of bills and notes discounted, or of real estate combined with these. The whole of it may be invested in bonds of the government, or in bonds of the States, or in bonds and mortgages. In whatever it may be invested it is owned by the bank as a corporate entity, and not by the stockholders.

A portion of anything. Sometimes shares are equal; at other times they are unequal. In companies and corporations, the whole of the capital stock is usually divided into equal portions, called "shares." See "Capital Stock." The proportion which descends to one of several children from his ancestor is called a "share." The term "share and share alike" signifies in equal proportions.

A portion of anything. Sometimes shares are equal, at other times they As to shares in corporation law, see Corporation; Personal Property; Stock; Stockholder. The pr<k>ortion which descends to one of several children from his ancestor is called a share. The term share and share alike signifies in equal proportions. See Purpart.

A portion of anything. When a whole is divided into shares, they are not necessarily equal. In the law of corporations and joint-stock companies, a share is a definite portion of the capital of a company.

— Share and share alike. In equal shares or proportions.

— Share-certificate. A share-certificate is an instrument under the seal of the company, certifying that the person therein named is entitled to a certain number of shares; it is pnma facte evidence of his title thereto. Lindl. Partn. 150, 1187.

— Share-warrant. A share-warrant to bearer is a warrant or certificate under the seal of the company, stating that the bearer of the warrant is entitled to a certain number or amount of fully paid up shares or stock. Coupons for payment of dividends may be annexed to it Delivery of the share-warrant operates as a transfer of the shares or stock. Sweet.

A part or portion. proportions.

A portion of anything: as, a share of stock, a share in an estate, a widow's share. 5 See Paet, 1; Portion. A share in a corporation is a right to participate in the profits, or in a final distribution of the corporate property pro rata.' There is no such thing in rerum natura as a *' railway share." It is not such a thing as you can see or touch. It is a term which indicates simply a right to participate in the profits of a particular joint-stock undertaking. And the word stock may have the same meaning, as, in a will.^ Share and share alike. Equal in quantity and quality; in equal proportions. In a will, " equally to be divided," " share and share alike," "respectively between and among" certain persons, will generally create a tenancy in common. ^ ■ Shareholder. See Stock, 3.

How to be construed, when used with respect to ownership of bank stock, in a statute regulating taxation, see Harrison v. Vines, 46 Tex. 15; Van Syke V. State, 23 Wis. 655. In speaking of the wife's share in the personal estate of her husband, the Illinois dower act means only such share as may be equal to one-third part of the whole estate. Mc Murphy v. Coolbaugh, 49 lU. 110. Meaning of share, as used in a will, speaking of a share in the estates, see De Nottebeck ». Astor, 13 N. Y. 98; Genet ». Beekman, 27 Barb. 371; Parsons v. Lyman, 4 Bradf. 268. Share and share alike. In wills, the expressions " equally to be divided," " share in common. Gilpin v. Hollingsworth, 3 Md. 190. Where testator bequeathed his property " upon trust, as to one moiety, to invest the same," &c., " to pay over the income thereof to M," " and, after her decease or marriage, to hold the same to the use of my grandchildren," " share and share alike, the income to be applied to their maintenance, and the capital to be paid to them as they respectively attain the age of twentyone years," it was held that the words " share and share alike " destroyed the joint tenancy which would otherwise ha,ve been presumed. Provenchere's Estate, 1 I^eg. Gaz. Rep. 68.