CHARACTERISTICS OF SHARES IN ALGERIAN COMMERCIAL LAW ОСОБЕННОСТИ АКЦИЙ В АЛЖИРСКОМ КОММЕРЧЕСКОМ ПРАВЕ
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Abstract
Joint-stock companies depend for their existence and throughout their lifetime on providing capital by issuing securities, of which shares are one of the most important. This importance stems from their role in financing the necessary capital for establishing a joint-stock company. Shares are considered a permanent source of financing for the company as they are securities without a fixed term and extend throughout the company's life. A share represents a shareholder's stake in the company, i.e., the portion he contributes either at its establishment or when increasing its capital. The Algerian commercial legislator has classified shares into several types and forms. However, the common characteristic among all these shares listed by the legislator is their tradability.
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