All shares rank equally for return of capital except where for a particular class of shares a different ranking is expressly provided in the company's constitution or the terms of issue.

Question

Quizplus · Accepted Answer

This statement is true according to the principles of company law. Unless there is a specific provision in the company's constitution or the terms of issue, all shares rank equally for return of capital.

All Shares Rank Equally for Return of Capital Except Where