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A share is one of a number of individual units into which the capital of a company is divided. Stock is the capital in the form of a fund which may be divided into any desired amount.
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Shares may be partly or fully paid-up, but stock must be fully paid.
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Shares can be issued directly but stock cannot.
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Shares has a nominal value, whereas stock has none.
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Shares must bear distinct numbers, while stock is never numbered.
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Shares are of equal denomination while stock may be split into unequal amounts.
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Shares cannot be transferred in fractional amount; stock can be transferred in any fraction although the articles may provide the minimum fractional amount of stock which can be transferred.
